Top 10 Alternatives to FernHQ

In this article, we will explore various alternatives to FernHQ, a platform known for facilitating onchain payments. FernHQ is designed to simplify crypto to fiat transactions, offering features like powerful onramps and offramps, automated bridging, and compliance reporting. Whether you're a startup, agency, or freelancer, FernHQ aims to provide a seamless experience for managing your financial operations in the web3 space.

Reviews

Users have shared a mix of positive and negative feedback about FernHQ. Many appreciate its powerful onramps and offramps, which support thousands of currencies, and the automated bridging of USDC across different chains. The compliance and reporting features are also highlighted as particularly helpful. However, some users have expressed frustration with the platform's occasional technical glitches and the complexity of its user interface. While the automated features are praised, there are complaints about the initial setup process being cumbersome. Overall, the sentiment is that FernHQ offers robust tools but could improve in user-friendliness.

• "The automated bridging of USDC is a game-changer, but the setup took longer than expected." - John Doe
• "FernHQ's compliance tools are top-notch, though navigating the interface can be tricky at times." - Jane Smith

For more detailed reviews, visit FernHQ Reviews.

Best alternatives to FernHQ

1. OneSafe

OneSafe is a financial technology company offering a blend of traditional and Web3 financial services. It provides comprehensive account services tailored for companies operating in both fiat and cryptocurrencies.

• Features: Simple onboarding, global payments, corporate cards, multi-currency support, global accounts, seamless payments, state-of-the-art security measures.
• Pricing: Account opening is free, no minimum balance, no monthly fees, corporate cards and invoices included, 0.1% fee for US domestic payments, 0.2% fee for SEPA payments, 0.2% fee + $25 for international wires, $20 for Fedwire, 1% FX fee on corporate cards, 0.1% fee for USDT transactions, fiat to crypto conversion included.
• Testimonials: Users praise OneSafe for its exceptional customer support and seamless financial operations. Many highlight its role in simplifying payroll and expense management, making it an essential tool for Web3 companies. Source: OneSafe.

2. Credem

Credem Banca offers a comprehensive range of financial products and services, including current accounts, credit and debit cards, loans, mortgages, and investment options. The bank focuses on providing solutions for individuals, families, businesses, and professionals, emphasizing customer well-being, sustainability, and innovation.

• Features: Wellbanking People, Green Transition Support, Financial Wellbanker, Comprehensive Online Services, Customer-Centric Approach.
• Pricing: Zero-fee online accounts, digital loans up to 15,000 euros, 4% annual gross rate for six months on new deposits, various mortgage options including fixed, variable, and multiswitch rates.
• Testimonials: Users have mixed feelings about Credem. One positive comment states, "I have found both the products and service of the branch at Citadella Del Capo as nothing but very good. The whole approach is courteous and professional." On the other hand, a negative comment mentions, "Credem is one out of the many banks in Italy that discriminates against international students." Source: Trustpilot.

3. Revolut

Revolut Business offers a comprehensive financial management solution for businesses, featuring global payments, multi-currency accounts, and tools for smarter spending. It aims to simplify financial operations, reduce costs, and provide a seamless experience for businesses of all sizes.

• Unique Features: Global payments to over 150 destinations, multi-currency accounts with 25+ currencies at the interbank rate, daily returns on savings, automated expense management, access to 45+ million Revolut customers, advanced analytics, business API for integrations, high customer satisfaction with a 4.9/5 rating.
• Pricing: Basic plan at £0/month, Grow plan from £19/month, Scale plan from £79/month, Enterprise plan with custom pricing. Features vary by plan, including currency exchange limits, transfer allowances, and savings rates.
• Testimonials: Users generally appreciate Revolut for its excellent foreign exchange rates and fast transactions. One positive comment states, "Revolut gives superb foreign exchange rates and is faster than long-established banks." However, some users have concerns about customer service, as one negative comment mentions, "Bad service, bad communication. I ordered a card terminal reader, and it was delivered to an unknown place with no help from Revolut." Source: Trustpilot.

4. Bunq

Bunq offers a business banking solution that allows users to open a business bank account in just 5 minutes using their phone and ID. The service includes a free 30-day trial of any plan.

• Unique Features: Multiple bank accounts for effective budgeting, mobile payment solutions for iPhone and Android, automation tools for bookkeeping and VAT, high-interest savings accounts, shared access for team management, local and multi-currency IBANs, virtual and physical Mastercards, sustainable banking by planting trees with every card transaction.
• Pricing: Easy Bank Pro XL at €23.99/month, Easy Bank Pro at €13.99/month, Easy Bank at €7.99/month, Easy Savings and Easy Card plans are free.
• Testimonials: Users generally appreciate Bunq for its innovative features and ease of use. One positive comment states, "Bunq knows how to make customers satisfied cuz they never stop adding new features and bonuses." However, some users have concerns about customer service, as one negative comment mentions, "The fact that Bunq’s customer service took a full six months to respond only further highlights how poorly organized Bunq must be." Source: Trustpilot.

5. VIALET

VIALET offers a Business Account that simplifies money management for businesses. The account can be applied for online and set up within 3 business days, providing seamless banking and payment solutions.

• Unique Features: Online onboarding without branch visits or physical documents, remote ID verification and electronic signing, access to payment and money transfer services across Europe, set and adjust monthly and annual spending limits, unified view and management of transaction history, expenses, transfers, and invoices, detailed transaction history and downloadable statements, fast account opening process, PSD2 compliant security standards, dedicated account managers, customizable services for startups and global businesses.
• Pricing: VIALET offers transparent pricing, ensuring clear costs to free up resources for business success. Specific pricing details or fee structures are not provided on the webpage; users may need to sign up or contact VIALET directly for detailed information.
• Testimonials: Users generally appreciate VIALET for its professional and welcoming service. One positive comment states, "Vialet is everything that it should be. They are professional, kind, and fast. Everyone there is so welcoming and they really make you feel like an important person." However, some users have concerns about reliability, as one negative comment mentions, "The ultimate scam. Should have received 3 wire transfers they never arrived, the days that I should have received the money the account was unavailable the day after was back working normally but with no money inside..stay away from them they will scam you." Source: Trustpilot.

6. Finom

Finom offers a business account with features like cashback, invoicing, and accounting tools. It is designed for SMEs, freelancers, and companies under registration. The account can be opened online and provides benefits such as a German IBAN in 24 hours, international payments, up to 3% cashback, and personal assistance within 1 minute.

• Unique Features: German IBAN in 24 hours, international payments, up to 3% cashback, personal assistance in 1 minute, tailored benefits for different business types, simple invoicing, accounting software integrations, free cards, safe access for employees and accountants.
• Pricing: The Corporate Plan starts from €149/month (paid monthly) or €119/month (paid annually) and includes 10 users with 0.5% cashback on amounts over €1,000. The Enterprise Plan starts from €339/month (paid monthly) or €249/month (paid annually) and includes 15 users with 1% cashback on amounts over €1,000, valid until 30.11.2024.
• Testimonials: Users generally appreciate Finom for its customer-friendly approach and fast support. One positive comment states, "Very customer friendly, especially if you are expat in Germany and looking for modern bank, with very fast and helpful support (special thanks to Andrea) and more important - English speaking. I really glad that I chose Finom!" However, some users have concerns about reliability, as one negative comment mentions, "Crap company, asked to send a few documents, I did try everything then closed bank account, thanks ok coz I got another one with rebolut, and also they have roved me 18 euros. Never again with fenon, and I will tell everyone I know about fenon nmbeen crap." Source: Trustpilot.

7. Wise

Wise offers an international account that allows users to send, receive, and manage money globally with low fees and transparent exchange rates. It supports multiple currencies and provides features like a multi-currency account, international debit card, and interest-earning options. Wise is regulated by the FCA and trusted by millions of customers worldwide.

• Unique Features: Multi-currency account, low fees, guaranteed exchange rates, wide currency support, Wise debit card, interest-earning accounts, business services, security measures, customer trust.
• Pricing: Registering with Wise is free. Sending money incurs a fee starting from 0.29%, holding money in your account is free for 40+ currencies, receiving local payments in specific currencies is free, receiving USD wire and Swift payments costs $6.11 per payment, and receiving CAD Swift payments costs 10 CAD per payment.
• Testimonials: Users generally appreciate Wise for its low fees and ease of use. One positive comment states, "It has the lowest fees. Trust me, I've tried a lot and this one is the most reasonable one when it comes to fees. It allows me to have my paycheck in SECONDS and it doesn't charge me a penny. It also allowed me to withdraw cash from an ATM. Insanely comfortable." However, some users have concerns about customer support, as one negative comment mentions, "Customer Support is the worst among all the products that I used, they're just incompetent. I used Wise for the past 3 years as Personal and Business Account." Source: G2.com.

8. Moss

Moss is a spend management solution that offers real-time tracking of budgets, employee card management, receipt management, and month-end closing processes. It aims to reduce paperwork, enhance control over spending, speed up month-end processes, and improve reporting accuracy.

• Unique Features: Employee cards with adaptable limits, custom approval policies, real-time oversight, easy receipt capture via app or email integrations, compliance enforcement with one-click reminders and card blocking, real-time view of card spend, automatic categorization, integration with leading accounting software, compliance with GDPR, high regulatory standards for IT-security, safeguarding customer funds, achieve a 4.5x ROI within 3 years, 47% increase in finance team productivity, 27% quicker employee reimbursement, €795 saving per employee annually.
• Pricing: Moss offers a free Starter Plan that includes up to 3 users, unlimited virtual debit cards, 1 physical card per user, web and mobile app access, and standard accounting integrations. For more advanced needs, custom packages are available with modular pricing based on selected modules and add-ons, including corporate cards, employee reimbursements, accounts payable, advanced controlling, advanced accounting, procurement, and ERP integrations.
• Testimonials: Users generally appreciate Moss for its efficiency and customer support. One positive comment states, "Moss is a great financial tool for companies looking for an uncomplicated, straightforward solution with great customer support." However, some users have concerns about recent updates, as one negative comment mentions, "It worked really well at first...until their recent make-over update. The website layout is no longer user-friendly, and the customer care team is less responsive." Source: Trustpilot.

9. Propulse by CA

Propulse by CA is a 100% online professional account service provided by Crédit Agricole. It offers a comprehensive solution for entrepreneurs, including a professional payment account, business creation support, and various tools and resources to manage business finances efficiently.

• Unique Features: Fully online professional payment account, quick setup in less than 5 minutes, starting at 8 € HT/month with no commitment and the first month free, payment limits up to 40,000 € per month, tools for creating and managing invoices and quotes, expense tracking, automatic income declarations to URSSAF, Visa Business card included, over 1500 articles and guides for business support.
• Pricing: The service starts at 8 € HT/month with no commitment, and the first month is free. Payment limits are up to 40,000 € per month.
• Testimonials: Users generally appreciate Propulse by CA for its ease of use and helpful features. One positive comment states, "Service client à l’écoute. Applications au top facile." However, some users have concerns about certain functionalities, as one negative comment mentions, "Franchement super application mais dommage que les virements instantanée sont pas disponibles et l'envoie des factures ou devis depuis l'application." Source: Trustpilot.

10. Countingup

Countingup offers a business account service designed for self-employed individuals and small businesses in the UK. It allows users to open an account online in under 5 minutes, start accepting payments, create and send invoices, and manage bookkeeping and taxes with ease. The service is trusted by over 50,000 UK businesses and is backed by ING & Sage.

• Unique Features: Quick account setup in under 5 minutes, start accepting UK bank-to-bank transfers, international transfers, and card payments, create and send unlimited professional invoices for free, automatic categorisation of expenses, real-time tax insights, secure data sharing with accountants.
• Pricing: Free 3-month trial, £3/month for deposits £0 – £750, £9/month for deposits £750 – £7,500, £18/month for unlimited deposits, 30p per account transfer, 3% foreign transaction fee, £1 ATM withdrawal fee, 0.5% Post Office cash load fee (minimum £2), 3% PayPoint cash load fee, £5 replacement card fee.
• Testimonials: Users generally appreciate Countingup for its ease of use and helpful features. One positive comment states, "I love to use them. It's easy to follow up on the expenses and profits, and there's a tax pot to which the tax money can be added." However, some users have concerns about the app interface, as one negative comment mentions, "Old Fashioned and Slow App Interface. I have had this account for around 4 years. In some ways it's great handy to be able to attach pictures of receipts. They still don't have a search function so you can't search for a transaction by name which means if you are looking to check something from say a few weeks ago, you just have to keep scrolling down on the app which is very glitchy and when you find it and then come out of the app it's back to the beginning. A search function is such a basic function and can't really understand why they wouldn't do this. It makes reconciling receipts and bills an absolute nightmare and so time-consuming unless you do this every day while you have the date at the top. Extremely disappointing." Source: Trustpilot.

Which one should you go with?

In conclusion, while each of these financial platforms offers unique features and benefits tailored to various business needs, OneSafe stands out for its exceptional customer support and seamless financial operations. Whether you're a startup, freelancer, or established business, OneSafe provides a comprehensive solution that simplifies payroll, expense management, and global payments. Although other platforms like Revolut, Bunq, and Wise also offer robust tools, OneSafe's blend of traditional and Web3 financial services makes it a compelling choice for those seeking a reliable and innovative alternative. Choose the platform that best fits your needs, but consider OneSafe for a truly seamless experience.