Everestcard is a business banking solution for SMEs, entrepreneurs, startups, and founders in Europe. You can open a business account with IBAN, get an online current account, multiple debit cards, virtual cards, and automated expense management.
Everestcard Account Features
- Business account with IBAN
- Physical and virtual credit/debit cards available instantly
- Order as many cards as needed for your company and employees
- One-click expense management tools
- 24/7 Everest customer support, alerts and controls
How to Open Everestcard Account
When you open an Everestcard account, you get a local IBAN. You can then order an Everest card, both physical and virtual cards. You can order up to MasterCard business cards. With the cards, you can enjoy normal functions of a credit/debit card plus expense management, spending alerts, and control tools.
You can open an Everestcard account online by following these simple steps.
- Visit Everestcard website and click “Open an account”
- Provide your email address and then accept terms and services
- Create a password with a minimum of 8 characters and should have numbers, letters and special characters
- You will receive a 6-digit code through your email address. Copy and paste it into the box
- Verify your Everestcard account and then do identity verification by uploading a valid ID photo
- Then you also need facial verification using webcam
- Then enter other details like phone number, address and company details
- Then submit the information
Everestcard Products and Services
Some of the services and products you will enjoy when you open an Everestcard account include the following:
- Expense management tools. You can use Everestcard to monitor your expenses, get monthly statements and organize your expenses by categories and tags.
- Everestcard Current Account. With an Everestcard account, you can make contactless payments, make euro transactions, get virtual and physical cards, free and unfreeze cards and have credit limits per card.
- Online banking. Everestcard offers a user-friendly online banking platform that allows businesses to view their account balances, transactions, and statements.
- Card issuing. Everestcard allows businesses to issue their own branded debit and credit cards.
- Capital deposit. You can deposit your share capital 100% online and finalize your company registration.
Everest Cards
Everest caters to your business needs by offering both physical Mastercard cards and virtual card options. Everest business cards provide both credit and debit functionality. In credit mode, you can “buy now, pay later” with a 35-day grace period to settle your balance without incurring any fees. Alternatively, extend the repayment period for up to 45 days if needed. For debit mode, simply preload funds onto your card for immediate spending, avoiding any extra charges by paying off your balance in full at the end of the month.
Five cards are included in their basic plan. The cards are considered secure. For example, you can enable and disable contactless and online payments, change spending limits and limit transaction amounts.
You can top up the Everest card from your bank account when you deplete your balance. You can also reload funds to your Everest card using another Everest account. Not only that, but you can also request a credit limit, which is subject to approval by Everest.
Everestcard controls and alerts: Order, close, block or temporarily freeze your cards, set spending limits or allowed usage rules from your dashboard. Important notifications will reach you by email or text messages in real time.
Everestcard Fees
Everestcard offers a 90-day free trial and after that, there is a monthly subscription fee of 20 EUR. You can cancel the subscription at any time. The following are the common Everest fees:
| Service | Fees |
|---|---|
| Subscription (per month) | 20 EUR |
| Additional Everest Mastercard World Business | 5 EUR/month |
| SEPA Incoming Payments | Free |
| SEPA Outgoing Payments (Up to 5 per month) | Free |
| Extra Outgoing SEPA Payment (per payment) | 1 EUR |
| Non-SEPA Incoming Payments | 15 EUR/payment |
| Non-SEPA Outgoing Payments | 30 EUR/payment |
| Fees Adapted to Transaction Volumes | Variable (0.50% per case) |
| Non-EUR Card Transactions (per case) | 2 EUR + 2% |
| ATM Withdrawals (per case) | 2 EUR + 2% |
Everest Customer Support
You can reach Everest customer support by phone, email or chat. Everest email address is [email protected], while Everestcard phone number is 0035220331927. Supported languages are English, French, German, and Dutch.
Everest Supported Countries
Everest is available to businesses and companies registered in any of the EU member states, Albania, Andorra, Bosnia and Herzegovina, Canada, Kosovo, Liechtenstein, Moldova, Monaco, Montenegro, Norway, San Marino, Serbia, Switzerland, the United Kingdom, and USA.
Is Everestcard Safe?
Everestcard has been around since 2015. It is available to all EU member states, and it is licensed and regulated by CSSF, a financial regulator in Luxembourg. Everestcard is powered by SnapSwap, a member of the ABBL, the Luxembourg Bankers’ Association. Everest keeps the deposit of their clients in segregated safeguarding accounts in a Luxembourgish bank. The safeguarding of client’s funds is controlled by CSSF and audited by EY.
Everestcard: A Digital Banking Platform for Businesses
Everestcard is a promising new digital banking platform for businesses in Europe and USA. It offers a number of features that are designed to make it easy for businesses to manage their finances, including online banking, expense management, card issuing, payroll processing, invoice automation, and account reconciliation.
The platform is well-designed and easy to use, and it is backed by a reputable company, SnapSwap International S.A., which is a fully licensed and regulated Electronic Money Institution in Luxembourg. However, Everestcard does not yet have as many features as some of its competitors.
Everest Alternatives
Here are some alternatives to Everest: