GoDutch vs Finom
We have listed the main differences for you, so that you can make the best choice.
€0 fixed costs per month
NL IBAN active in 1 day
Up to 1% cashback on every payment, unlimited
24/7 real people on the phone
4.8/5
More than 23,000+ customers are already managing their finances smarter with GoDutch.
Which of the two to choose?
What suits you better: Finom or GoDutch for your business account? GoDutch started because Dutch entrepreneurs deserve a local alternative, not a European provider like Finom: a foreign party, limited Dutch support, fixed monthly costs. With GoDutch, a modern entrepreneur gets a Dutch business account in 1 day, free, with automatic bookkeeping and cashback. This page sets out the clear comparison for your business.
Account
Dutch IBAN
Extra (virtual) IBANs
Free card
Free customer and company research
Open account / onboarding
Fully digital registration process
Registration time
Processing time KYC/KYB
Costs
Fixed costs p/m (starting price)
Cost per SEPA payment
Cost of additional payment account (IBAN)
Cost of additional payment card
Features
Real-time balance insight
Automated invoice processing
Automatic VAT recognition
Access for accountant / bookkeeper
Accounting integrations
Team card and expenditure management
International
Currency exchange at mid rate
Countries available
Currencies available
Security & Support
Deposit guarantee (covered up to)
24/7 telephone support
Multilingual customer support
Rewards
Cashback on card transactions
Unlimited
3 minutes
1 day
€0
€0.12
Free with Unlimited
Free
At cost
150+
20+
€100,000
Unlimited up to 1.0%
A maximum of 3 included
15 minutes
1–2 working days
€0
Up to 0.3%
€1 p/m per additional wallet
€3 per month per card
✅
✅
1–3%
6
Only EUR
❌
Only via email/chat
✅
Deze vergelijking is gebaseerd op openbaar beschikbare informatie per 14 juli 2025. Prijzen, functies en voorwaarden kunnen wijzigen. Raadpleeg altijd de website van de aanbieder voor de meest actuele informatie.
More than just a payment account
Useful features
Everything you need to manage your finances as a business owner wisely — from payments to insights.
FAQ
Frequently asked questions
Discover answers to frequently asked questions about our products and services.
What are the main differences between GoDutch and Finom for entrepreneurs?
The main differences between GoDutch and Finom for Dutch entrepreneurs lie in the banking licence, the fee model, cashback options and deposit protection. GoDutch operates under a Dutch banking licence with the Dutch deposit guarantee scheme up to €100,000 per account holder. Finom is a European electronic money institution (EMI) and therefore does not fall under a deposit guarantee scheme; customer balances are instead held separately through safeguarding at external banks.
At cost level, both providers use a tiered package structure. Finom offers five plans from €0 (Solo) to €249 per month (Grow), with transaction fees of 0.3% to 3% for each outgoing payment above the free allowance. GoDutch works with four packages from €0 to €49 per month and a fixed SEPA fee of €0.12 per transaction without bundle limits. For entrepreneurs with substantial transaction volumes, GoDutch's fixed fee is generally more predictable.
The difference is clear when it comes to cashback and support. GoDutch offers cashback of up to 1% on all card spending and 24/7 phone support on all packages. Finom offers cashback of up to 0.2% and does not have a 24/7 telephone helpdesk, only email and chat. For entrepreneurs choosing on the basis of certainty, rewards and accessibility, GoDutch offers a stronger overall package.
What Finom plans are available and how do they compare to GoDutch?
Finom offers five business plans for entrepreneurs: Solo (free), Basic, Smart, Pro and Grow, with monthly costs ranging from €0 to €249 per month. GoDutch has four packages (Free, Starter, Pro and Unlimited) from €0 to €49 per month, with a fundamentally different pricing model: fixed fee instead of Finom's tiered free-allowance system.
The Finom plans in outline (with annual payment):
Finom Solo: €0 per month, free outgoing payments up to €2,500 per month, 1 user, basic features
Finom Basic: €17 per month, more extensive features and higher free allowance
Finom Smart: €34 per month, free outgoing payments up to €50,000 per month, 10 cards
Finom Pro: €119 per month, advanced functionality for growing businesses
Finom Grow: €249 per month, for SMEs with high transaction volume
GoDutch starts at €0 (Free) to €49 (Unlimited) per month, regardless of transaction volume, with unlimited cashback and integrated team cards. For sole traders choosing between Finom Solo and GoDutch Free, GoDutch is attractive because the GoDutch self-employed account is standardly covered by the Dutch deposit guarantee scheme and offers cashback on all card spending. The full current GoDutch rates are clearly shown on the pricing page.
Is my money with Finom just as safe as with GoDutch?
No, there is a fundamental difference in legal protection. GoDutch operates under a Dutch banking licence with the Dutch deposit guarantee scheme (DGS): balances up to €100,000 per account holder are protected in the event of insolvency. Finom is a European electronic money institution (EMI) and does not fall under a deposit guarantee scheme; customer balances are held separately via safeguarding at external banks.
In practice, this means the following. With GoDutch, your money is directly protected by De Nederlandsche Bank (DNB) up to €100,000, regardless of the balance you hold. With Finom, your money is legally separated from Finom's own funds, which means that Finom's creditors cannot get at it in the event of insolvency. However, the actual safety depends on the bank where Finom has placed the safeguarding and the practical implementation of that segregation.
For entrepreneurs who structurally hold large balances in their business account (for example holdings with cash reserves or SMEs with working capital), the Dutch DGS offers a firmer guarantee than Finom's safeguarding model. For self-employed people with limited balances, the difference is smaller in practice, but the legal certainty remains a substantive distinction. For entrepreneurs who prioritise certainty, GoDutch provides more direct protection.
How quickly can I open an account with Finom compared with GoDutch?
At GoDutch, your account is operational within three hours after the digital application; the registration itself takes three minutes and KYC processing is completed within one working day. Finom states in its own communications that onboarding can take place within 24 hours, but in practice the process often involves manual checks, meaning it takes one to two working days before a Dutch IBAN becomes active.
The steps at Finom are as follows. You register via the website or app (around 15 minutes), submit proof of ID, Chamber of Commerce extract and any additional documents, and wait for verification by the Finom team. For more complex structures (private limited companies with multiple directors, holding companies), processing can take several working days, because Finom uses manual verification rather than full automation.
At GoDutch, KYC is fully automated via passport or driving licence identification in front of the camera, followed by automatic verification within three hours. For entrepreneurs who want to be able to invoice or make payments straight away, GoDutch offers a significant time advantage. In practice, the difference is this: with GoDutch, you can start business the same afternoon; with Finom, that can take up to two working days.
How much does a business account cost at Finom compared with GoDutch?
A business account with Finom costs €0 per month on the Solo plan (for sole traders) up to €249 per month on the Grow plan, with additional costs for transactions, extra wallets (€4 per month), team access (€4 per month per user) and physical debit cards (€3 per month). With GoDutch, the Free package starts at €0 per month without additional subscription costs for extra IBANs, extra users or physical cards from the Starter package onwards.
At transaction level, Finom uses a free-bundle model: up to €2,500 per month in outgoing payments free on Solo, above that 0.3% to 3% per payment depending on the plan. At GoDutch there is a flat rate of €0.12 per SEPA payment, without a bundle limit and without a percentage surcharge. For a sole trader with €5,000 monthly outgoing payments, that costs at Finom Solo: free up to €2,500 plus 0.3% × €2,500 = €7.50 transaction costs per month. At GoDutch with around 20 payments, that costs 20 × €0.12 = €2.40 per month.
For growing businesses with substantial transaction volumes, the difference quickly adds up. The Finom Smart plan (€34 per month) raises the free bundle to €50,000 per month but adds fixed monthly costs. At GoDutch Starter (€12 per month), there is no percentage surcharge on transactions and cashback on all card spending. A more detailed look at the actual costs is in the article with the explanation of bank transaction fees.
How much cashback do I get with GoDutch versus Finom?
GoDutch offers unlimited cashback of up to 1% on all card spend, increasing by package: 0% on Free, 0.1% on Starter, 0.4% on Pro and 1% on Unlimited. Finom offers cashback of up to a maximum of 0.2% on card spend, regardless of the plan chosen. The difference is structural: the cashback at GoDutch is five times higher at the top level.
In figures: an entrepreneur with €5,000 in monthly card spend via GoDutch Unlimited earns €600 cashback per year (1% × €60,000). The same spend via Finom yields at most €120 cashback per year (0.2% × €60,000). For SMEs with several employees incurring expenses, the difference quickly becomes substantial.
For a team of four employees, each averaging €2,000 in business spend per month, GoDutch Unlimited yields €960 per year (1% × €96,000). With Finom that is at most €192. For GoDutch for private limited company owners with a lot of card spend on software, hardware, travel costs or stock, the cashback alone already covers a significant part of the subscription costs of the Unlimited package. The structural cashback difference is clearly in GoDutch's favour on an annual basis.
What features does GoDutch offer compared with Finom?
GoDutch offers a number of automations and features that are absent or limited in Finom's standard packages: automatic invoice processing, automatic VAT recognition, integrated team cards with spending control and broader accounting integrations. Finom offers invoicing and wallet functions but without automatic VAT detection or extensive team card management.
The features that GoDutch offers as standard where Finom falls short:
Automatic VAT recognition: GoDutch recognises the VAT amount on transactions; Finom does not offer this feature
Automatic invoice processing: incoming invoices are recognised by GoDutch and prepared for approval; with Finom this must be done manually
Integrated team cards: virtual and physical cards with limits and category restrictions; Finom charges €3 per month per physical card
Unlimited accounting integrations: more than 30 packages included as standard; Finom offers a more limited range
24/7 telephone support: GoDutch can be reached by phone, chat and e-mail; Finom has no telephone helpdesk
Finom does offer an integrated platform with invoicing and expense management, which can be attractive for self-employed people who want everything in one app. For entrepreneurs who want deeper administrative automation, GoDutch offers a more integrated solution with direct accounting integrations and automatic VAT recognition. You can find a complete overview on the page with the GoDutch integration overview.
How does GoDutch's customer service differ from Finom's?
GoDutch is available 24/7 via chat, email and telephone, handled by its own staff, in both Dutch and English. Finom offers customer service exclusively via email and in-app chat, without a telephone helpdesk. For entrepreneurs who need fast, direct help with urgent questions, that is a practical limitation at Finom.
At Finom, contact is entirely digital, with response times that can vary depending on the subscription. For routine questions, that works well, but with more urgent issues (a blocked card, a failed payment, a question about an international transaction), the lack of telephone availability often causes delays. For SMEs with daily payment activity, that can be persistently inconvenient.
GoDutch combines digital ease of use with traditional accessibility. Pro and Unlimited customers receive priority support, and Unlimited customers also get a dedicated account manager. For entrepreneurs who do not want to depend on chat response times and who want to speak to someone directly when issues are urgent, GoDutch fits the realities of business better.
What is the Finom Interest Wallet and does GoDutch offer a similar product?
The Finom Interest Wallet is a savings product that Finom launched in March 2026, allowing entrepreneurs to receive interest on unused business balances in euros. It works via Money Market Funds (MMFs) rather than a traditional savings deposit, with an introductory rate of 5% per year for the first five months and then up to 1.75% per year. GoDutch currently does not offer a comparable business savings product with interest.
Important nuances of the Finom Interest Wallet: the product works via money market funds, not via a classic savings account. The balance therefore does not fall under the deposit guarantee scheme as with traditional savings products. Under unfavourable market conditions, the return may differ; it is not a fixed rate but variable. For entrepreneurs seeking interest on business reserves, this is an attractive option, provided they accept the legal structure and market risks.
GoDutch positions itself primarily as a platform for business payments with cashback on card spending, not as a savings product provider. For entrepreneurs who want to put their reserves to work, Finom's Interest Wallet therefore remains a specific proposition. For day-to-day banking, transactions and card rewards, GoDutch remains the more broadly geared solution. More details about Finom's product range can be found on the page about the Finom business account.
Which card brand does Finom use compared with GoDutch?
Finom works with VISA debit cards as its primary card brand, while GoDutch uses Mastercard for both virtual and physical cards. Both card brands are accepted worldwide in physical shops and online, so for most entrepreneurs the difference makes little functional difference. There are, however, small differences in network-specific benefits and acceptance outside Europe.
Finom offers a free virtual VISA debit card on the Solo plan and €3 per month for a physical VISA card. GoDutch offers one virtual Mastercard on Free, and free physical and virtual Mastercards from the Starter package onwards. For entrepreneurs with a team, Finom charges €3 per month per extra card, while GoDutch offers team cards free of charge from the Pro package onwards.
Practically, this means that the card cost model at GoDutch works out more favourably for growing teams. An entrepreneur with three team members pays Finom €9 per month just for the physical cards, plus any wallet costs. At GoDutch, this is included free of charge in the Pro package at €29 per month, including cashback on all spending via those cards. The card brand difference itself is functionally limited; the cost difference is not.
How international does Finom work compared with GoDutch?
Finom operates in seven European countries (the Netherlands, France, Germany, Belgium, Italy, Spain and Poland) and supports euro payments plus some twenty other currencies. GoDutch supports payments in more than 20 currencies to 60+ countries worldwide, with incoming payments from 150+ countries, at the official mid-market rate without markup.
For international payments, Finom charges €5 per incoming or outgoing international payment on the Solo plan, with a foreign-exchange markup when converting currencies. GoDutch works with a transparent fee per SEPA payment and currency exchange at the mid-market rate, without weekend surcharges or bundle limits. For entrepreneurs who work internationally on a structural basis (for example with customers or suppliers in the United States or the United Kingdom), GoDutch offers broader geographic coverage.
For an entrepreneur with €100,000 in annual currency transactions, the difference already amounts to €500 to €1,500 in GoDutch's favour, depending on the Finom plan chosen. On the other hand, Finom's multi-country EU presence offers advantages for entrepreneurs with activities within these seven specific European countries. For GoDutch for holding company owners with foreign operating companies worldwide, GoDutch's broad geographic coverage offers structurally more flexibility.
Which legal entity types does Finom accept compared with GoDutch?
Finom accepts sole traders, private limited companies, general partnerships, professional partnerships, foundations and associations, with different plans per business type. GoDutch accepts the same legal forms plus holding companies, public limited companies, owners’ associations and cooperatives, with a special 0% VAT rate on the subscription for non-profit legal forms (foundations, associations, owners’ associations).
For boards of non-profit organisations, that 0% VAT difference is structurally noticeable. A foundation account with GoDutch falls under this favourable VAT regime, whereas Finom applies standard VAT rates to the business packages. On a subscription of €12 per month, that means a €30 per year difference in VAT burden, a measurable saving on an annual basis.
In addition, GoDutch offers dedicated functionality for specific legal forms, such as changes of board members for owners’ associations. Administrators can apply directly for GoDutch for owners’ associations with functionality for adding or changing board members without bank contact. At Finom, this goes via the general application process without a dedicated owners’ association product. For boards that want to manage their banking relationship themselves without relying on external processes, GoDutch offers a more suitable offering.
How do I switch from Finom to GoDutch?
Switching from Finom to GoDutch can be arranged in four steps. Within one working day you will have an operational account with GoDutch, and you only close your Finom account as the final step, so you can switch over calmly without missed payments.
Step-by-step plan for the switch:
Open your account with GoDutch: complete the online application (three minutes), identify yourself with a passport or driving licence and wait for KYC processing (three hours). Your IBAN and virtual Mastercard will then be active immediately, and your account is covered by the Dutch deposit guarantee scheme.
Inform contacts of your new IBAN: send customers and suppliers a short email with your new account number. In the GoDutch app, download a bank statement with your IBAN for your records.
Move direct debits and subscriptions: update recurring payments for utilities, software subscriptions, suppliers and periodic invoices. In GoDutch, set these up as a recurring payment order or by direct debit.
Close your Finom account: transfer the remaining balance to GoDutch and close your Finom account via the account overview in the app or via Finom support. A detailed step-by-step guide with practical instructions for closing Finom Business will guide you through this process.
Keep both accounts running in parallel for the first month, so any forgotten direct debits are not rejected. If you have any questions during the switch, GoDutch’s support team is available 24/7 by phone, unlike Finom, where support is only available by email or chat. Ready to switch to a Dutch provider with deposit protection, unlimited cashback and 24/7 telephone support? You can open your GoDutch business account online straight away and get started today.
