Wamo review

The monthly fee is €0, so there is no recurring charge to hold the account. Cash machines are the one running cost to watch, because the free ATM allowance is €0. Card spending can still earn cashback of 1%.

Yes. Card purchases earn cashback of 1%, and the monthly fee is €0 on top of that. Because the allowance of free ATM withdrawals is €0, cashback is the part of the offer that brings everyday cost down.

Wamo issues a debit card on the Visa network, so it draws directly on the balance in your account. A virtual card also sits in the feature list, multi currency, virtual card and travel, which suits online-only spending and subscriptions.

You can hold 22 currencies in one account, which suits a business that buys and sells across several markets. Multi-currency handling, virtual cards and travel features are part of the offer, multi currency, virtual card and travel, so day-to-day spending abroad needs no second account.

The account is built for business users, so sole traders, small companies and anyone invoicing in another currency sit in the target group. Personal spending and joint accounts are not the design target, and the card is a debit card rather than a credit line.

Support runs on email and help centre, so help arrives by email or through the help centre rather than on the phone. That suits businesses which can put a question in writing and keep the reply, and it is the main limit on the offer.

The account is run by Wamo Solutions Oy, the legal entity named in the terms. Card payments go through the visa network and the debit card draws on the account, so the product works like a standard business spending account with extra currency features.

Yes. The feature list is multi currency, virtual card and travel, which includes a virtual card next to multi-currency and travel tools. A virtual card gives you a separate card for online-only spending while the balance stays in the same debit account.