Neat is a Hong Kong based financial services company that offers an app and online based multi-currency business account for businesses based in the UK. The account is also available to businesses in 12 other countries including some European ones (see below).
Business accounts can be opened online in as little as 15 minutes.
A physical Visa debit card (and virtual card) is also available with the account. The card comes with it’s own phone app (iOS & Android).
Most functions on the account are free to operate.
If you don’t already have a registered limited company they can also provide an incorporation service to set up your own Hong Kong registered business. The company registration form takes just 15 minutes to complete.
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What the Neat UK & European Business Account offers:
- Free account opening and maintenance with no monthly fees.
- No credit checks.
- Guaranteed acceptance (subject to UK business and personal identity checks).
- Suitable for undischarged bankrupts or those in an IVA.
- Suitable for start-ups and small businesses.
- Suitable for limited companies, sole traders (in Hong Kong only) and partnerships.
- Can be opened online in as little as 15 minutes.
- Available to companies/businesses in the UK, France, Italy, Australia, The British Virgin Islands, Cayman Islands, Denmark, Germany, Hong Kong (they also accept sole proprietors registered in Hong Kong), Ireland, Netherlands, New Zealand and Singapore.
- Neat Visa debit card (and instant virtual Visa card) with app.
- iOS and Android phone app for Neat business Visa card.
- 24/7 support. Contact using email, phone, WhatsApp or through Neat App day or night.
- Funds are held in ring-fenced bank accounts at licensed banks.
- Multicurrency payment transactions in GBP, USD, Euros and HK$.
- Worldwide bank transfers. Make payments to over 35 countries. Faster, easier and cheaper than a bank.
- Receive gateway payments from your customers and e-commerce platforms. PayPal, Amazon, Stripe and more are all covered.
- Incoming and outgoing payments within SEPA are free.
- 2% ATM withdrawal fee (US$4 min).
- No cheque book provided.
- No overdraft.
Some of the fees for this neat Business Account include:
Opening cost and maintenance – Free.
Monthly fee – Free.
Multilingual customer support – Free.
Phone app for Neat Visa card – Free.
Card replacement – Free.
Foreign merchant fee – 1.5%.
Card transaction (domestic) fee – Free.
ATM withdrawal 2% (US$4 minimum).
SEPA Payment to EUR / GBP Neat wallet – Free.