Receiving a foreign currency payment on Finom: how much does it really cost (and how to pay less)
Finom has carved out a niche among freelancers and SMEs thanks to a free plan, cashback, and an integrated invoicing tool. For businesses that bill internationally, Finom also highlights multi-currency management. It remains to be seen what an international payment collection actually costs.
What Finom offers
Inbound and outbound international payments to many countries.
Foreign currency wallets, depending on the account plan.
Plans ranging from a free tier to options with a dedicated account manager.
Where the costs lie
Fees per incoming payment: according to Finom's pricing structure, €5 per international payment received across all plans, except for the Grow plan (starting from €249 excl. VAT per month) where they are free.
Intermediary bank fees: on a SWIFT transfer, commissions may be deducted along the way. Finom actually offers a paid protection option against these deductions (€35), which proves they do occur.
Conversion: as soon as a currency is converted into euros, a rate and fees apply. Check your plan details before each conversion.
Subscription: the best international conditions are reserved for the most expensive plans.
Worked example
An SME receives 8 international payments per month. On an entry-level plan, the reception fees alone amount to €40 per month, i.e. €480 per year, before intermediary fees and conversion. Only the most comprehensive plan waives these fees, for a much higher subscription cost.
How to pay less
Match your subscription plan to your actual volume of international payments.
Suggest that your clients outside the Eurozone pay in Euros via SEPA where possible (e.g., Switzerland, United Kingdom).
Group invoices together to reduce the number of transfers.
Beyond a few tens of thousands of Euros per month in foreign currencies, compare with a B2B foreign exchange specialist and consider currency hedging.
Finom and OSolto: complementary
Finom remains a good everyday account. OSolto, an independent broker registered with ORIAS, steps in for your currency flows: selecting the right authorised partner, negotiated exchange conditions, and currency hedging, with a single point of contact.
Do you regularly receive international payments? Get a free analysis of your foreign exchange costs. → Book an appointment
FAQ
How much does it cost to receive an international payment on Finom?
€5 per payment on all plans except Grow, excluding intermediary fees and conversion.
What is protection against intermediary fees?
A paid option that offsets deductions by intermediary banks on SWIFT transfers, ensuring you receive the exact amount.
Is Finom a multi-currency account?
Finom allows you to manage several currencies depending on the plan; check the currencies and conversion conditions of your specific subscription.
