Finom X is our latest project, designed to unlock new features and services to better support your business.
This project is a migration and you’ll be guided through a simple step-by-step process to transition your account to Finom X. Once the migration is complete, you can immediately start benefiting from our new offerings without any interruptions. Your payment history, invoices, cards, wallets, and all other products will remain intact and fully accessible.
With Finom X, you’ll enjoy enhanced functionality and improved integrations—all at no extra cost. Whether you're managing your finances more efficiently or accessing new services, Finom X gives you everything you need to stay ahead, now backed by the power of our own licence.
Finom’s own licence
Finom (Finom Payments B.V.) holds an Electronic Money Institution (E.M.I.) licence. This licence grants Finom the right to issue electronic money and provide payment services.
Previously, Finom partnered with Treezor SAS to offer French IBANs to its customers. However, starting this year, Finom can issue French IBANs directly, further expanding its range of services and enhancing the customer experience.
By acquiring our own Finom licence and issuing new IBANs, we now have full control over our banking services, allowing us to provide you with more advanced tools, greater flexibility, and seamless service.
Due to Finom and Treezor’s mutual decision to end their partnership, all clients who do not migrate to Finom X will have their accounts closed by the end of the year. The final date to initiate the migration to Finom X is November 29, 2024.
What does Finom X offer?
Finom X introduces a range of cutting-edge features designed to enhance and streamline your business operations:
Instant SEPA Transfers
Send funds across the Eurozone in just 10 seconds, anytime—24/7. Your transfers are processed instantly, whether it’s day or night, weekdays, weekends, or even bank holidays.
Rapid International Payments
Send, receive, exchange, and store funds in 18 currencies with seamless access to over 180 countries.
Effortless Accounting and Tax Reporting
Seamlessly integrate with over 10 leading accounting services like Sage, Pennylane, Dougs, and Cegid. Automate your tax reporting and manage your finances with just a few clicks, all while enjoying a fully streamlined workflow.
Cashback Rewards
Earn up to 3% cashback on all card payments, giving you even more value with every payment made through Finom X.
Infinite Free Virtual Cards
Issue unlimited virtual cards and up to 3 physical cards per user, completely free. Perfect for managing company expenses with ease and control.
Increased Monthly Limits
Boost your spending power with an additional €100,000 in monthly card limits and increased ATM withdrawal limits to match your growing business needs.
These enhancements come at no additional cost, allowing you to maintain your current subscription price while benefiting from powerful new tools to drive growth and expansion.
How are my funds protected in Finom?
Finom’s commitment to safeguarding your funds is unwavering. As an Electronic Money Institution (EMI), Finom holds your funds securely in dedicated accounts with reliable, regulated banks.
These safeguards are strictly supervised by regulatory bodies, such as the Dutch Central Bank (DNB), ensuring that your funds remain secure and will be returned to you if needed.
For more information, feel free to explore our comprehensive Help Center, by clicking here, where you can familiarize yourself with the details of the process.
If you have any further questions or need assistance during the migration, our Customer Support team is ready to guide you through every step. You can contact us from in-app chat or by email at [email protected]