6 July 2023 3 minute read

How to open a Euro business account

Next stop, Europe! If you want to scale your business across the continent, having the right banking partner is essential.
How to open a Euro business account

Opening a Euro business account should be one of your top priorities if you plan to expand your business to Europe. It's essential to help you conduct transactions in euros and streamline your dealings with European clients and suppliers. However, opening a Euro business account may seem daunting, especially if you need to familiarise yourself with the regulations and requirements.  
This article will guide you through the necessary steps. With our help, you'll be on your way to establishing a successful European business in no time. 

What is a Euro business account?

A Euro business account is a specialised bank account that caters to businesses requiring a seamless process for sending and receiving payments in the Euro currency. It enables companies with international trade operations to conduct business transactions with countries in the Eurozone with equitable financial terms.  

This service is particularly beneficial for businesses looking to maintain their funds in the same currency, thus providing greater financial stability and predictability. 

What are the benefits of a Euro business account?

Depending on your company, using a euro business account is much more beneficial than a traditional bank’s UK business account. Let’s explore some of the benefits: 

Instant access to 36+ countries 

A Euro business account allows you to send and receive payments using the Single Euro Payments Area (SEPA) network. You can make instant cross-border transfers in 36+ European countries and territories.  
Eurozone SEPA member states 
Andorra, Austria, Belgium, Cyprus, Croatia, Estonia, Finland, France, Germany, Greece, Republic of Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, San Marino, Slovenia, Slovakia, and Spain.  

EU/EEA SEPA member states 
Bulgaria, Czech Republic, Denmark, Hungary, Iceland, Liechtenstein, Monaco, Norway, Poland, Portugal, Romania, Switzerland, United Kingdom*, and the Vatican City State/Holy See. 
*The United Kingdom is still part of the SEPA network, despite leaving the European Economic Area.

Lower conversion fees 

Don't throw your money away! If your business conducts Euro transactions without a Euro business account, you'll be hit with sky-high conversion fees that are entirely avoidable. These fees can quickly add up and damage your company's finances. Holding a corporate account in Euros means you can enjoy transparent and low conversion fees with no hidden charges

Ease of use 

Using Euro business accounts is effortless due to their customised features, intuitive interface, smooth integration with accounting software, support for multiple languages, and simplified financial management tasks.

Are there different types of Euro business accounts?

Businesses looking to open Euro bank accounts have various options beyond traditional banks, including electronic money institutions, neo-banks, and multi-currency account providers. These alternatives offer additional flexibility and innovative features tailored to the needs of modern businesses. 

Electronic money institutions (EMIs) 

EMIs are online financial institutions that can provide Euro accounts and digital banking services. They offer competitive rates, low fees, and efficient international payments for businesses seeking streamlined banking solutions. 


Neo-banks offer easy-to-use banking services through mobile apps and online platforms. They provide Euro accounts for businesses without physical paperwork or a local presence, real-time transaction tracking and automated expense categorisation. These features help companies to manage their finances efficiently. 

Multi-currency accounts 

Using multi-currency accounts that support the Euro and other currencies can help businesses manage different currencies, streamline cross-border transactions, and reduce currency conversion costs. These accounts offer competitive exchange rates, quick international transfers, and tools for protecting against currency fluctuations, which is great for global businesses or those with frequent international transactions. 

When choosing electronic money institutions or neo-banks for your business, consider fees, transaction limits, compliance, customer support, and reputation. Thorough research is essential to find a provider that meets your needs for efficient operations. 

Can I open more than one Euro business account?

Opening more than one Euro business account is usually possible, but the specific limit may vary depending on the bank's policies. If you want to open multiple accounts, you must complete the account opening process for each bank individually. It is important to remember that managing multiple accounts can be challenging and require much attention to detail. 
That’s where 3S Money comes in.  

Instead of opening multiple accounts with multiple banks, why not open five country-specific local Euro accounts with one application? With our International Business Account, you can hold business IBANs in the United Kingdom, Denmark, Germany, Netherlands, and Luxembourg.  
Empower your business with the ability to access local financial infrastructure and facilitate transactions without the need to visit a physical bank. With every 3S Money account, you gain the added benefit of 65+ in-built currency accounts, enabling you to make transfers outside Europe effortlessly.

Is my business eligible for a Euro business account?

We apply a human approach to onboarding, compliance, and KYC procedures. Doing this allows us to work with businesses in 190+ countries and territories – in many places that traditional banks may ignore. 

You can complete our free eligibility checker to discover if 3S Money is right for you. After answering a few simple questions, we can instantly pre-approve your account. We’ll then invite you to complete your application which should take no more than 15 minutes.

Call the Eurozone home with 3S Money

Are you interested in levelling up your presence in Europe? With a 3S Money business account, the entire continent (and world) is at your fingertips. We are high-value EEA payment specialists, and our team of multi-lingual Client Managers will support you every step of the way.

If you have any questions, message us, and we’ll call you back. Alternatively, head over to our Help Centre for more details.

Meet the authors

Matthew Ivo


Matthew Ivo is the Senior Content Manager with a strong background in crafting engaging finance-related articles. With extensive experience in the field, Matt’s writing brings clarity and valuable insights to complex financial topics, captivating readers with his expertise.


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