Fyrst review

Fyrst charges a monthly fee of €0 for the card, so there is no plan charge to budget for. It is a debit card on the mastercard network, which means spending draws on the business account balance rather than a revolving credit balance.

Every purchase in a currency other than the euro is converted at 1.85%. That is above the 1% median across the cards compared here, so the card is cheapest for spending that stays in euro. The account is multi currency, yet the card conversion charge still applies.

Fyrst is aimed at business banking rather than personal accounts, and the account is described for business use. The card is issued under Deutsche Bank AG, with the account run from DE, so the money sits with a bank rather than a crypto platform.

Fyrst was founded in 2019 and is run by Deutsche Bank AG from DE. It is a focused business banking product rather than a general money app, which shapes the offer: a card, a multi currency account and business support, with no crypto assets involved.

The account carries the multi-currency feature, so a business can hold and pay out in more than one currency from the same place. That is useful when suppliers invoice in another currency. Spending on the card still converts at 1.85% wherever the terminal does not take the currency held.

Help runs on email, chat and phone, so a business can reach the team by phone or chat, email a question, or work through the help centre. Several channels matter most when a card payment is stuck at the point of sale and the working day is short.

On monthly cost both sides are level: Fyrst lists €0 and Monzo Flex and Wise list £0 and £0. The gap opens on currency conversion, where Fyrst charges 1.85% and Bitpanda lists 0%.

The card suits a business that wants everyday spending handled from its own account, with a monthly fee of €0. It does not cover personal banking (business), and a traveller who pays abroad often will feel the 1.85% conversion fee on each foreign purchase.