Digital-only banks have been on the rise in recent years, as traditional banks have been slow to adapt to the needs of modern consumers. This has led to a number of new players entering the market, offering innovative solutions that cater to the needs of digital-savvy consumers.
One of the most popular digital banks in the UK is 3S Money. This young company has quickly established itself as a leading player in the space, thanks to its focus on providing a great user experience and its competitive fees.
Another growing digital bank is wamo. This company has also been gaining traction in recent years, thanks to its focus on providing an affordable and convenient banking solution for entrepreneurs and corporations. wamo is particularly popular with small businesses and business owners who have struggled to open an account with a traditional bank.
So, which of these two digital banks is better? Let's take a closer look at each one to find out.

Both the platforms can be used for international transactions, and come with their own cheap currency conversions, and some monthly fees. However, we'll compare them both in detail to see which one best suits your requirements.
At this point, 3S Money has been serving thousands of companies, directors and shareholders. While they grow at the fastest pace possible, they have processed €1 billion in client payments.
wamo on the other hand is a growing company with a versatile team which provides financial management and payments platforms for businesses of any size. Especially, when we talk about business owners, the company has plans for small businesses, solopreneurs, freelancers and corporates who have struggled in the past to open a business bank account.
Both digital banks are blooming in the industry and are great solutions to start your international business as a non-resident. With an open EU market, both banks are offering great benefits. Wamo is not a registered bank, the customers are protected by FSCS. This means, wamo is not encumbered by the requirements that traditional banks are.
Therefore, business owners who are struggling to meet the eligibility of local banks can go for wamo solutions, as it is more flexible and easier when it comes to business bank accounts.
But, of course, there are other factors too that you might want to evaluate before deciding your next move. Let's compare the costs, fees and benefits of both the platforms through their most popular subscription packages.
Subscription Plans
There's almost no difference between the monthly pricing of the two banks. However, the 3S Money's subscription packages start from $50, while wamo is offering more benefits in its monthly plan. So if you are looking for more features at this price, then wamo is a better choice.
Additionally, 3S Money offers three types of packages that can go higher with some excellent benefits for big organizations. wamo Grow’s subscription rate also goes higher, which provides almost everything free, regardless of your business performance.

If you are a solopreneur or a freelancer, wamo further has set up free account openings for you to run your business, which makes it an ideal choice for people aiming to expand business but are solo in the game.
Money Transfers
3S Money offers fast and convenient money transfer services to its clients. The company facilitates transfers in more than 40+ currencies across the globe. On the other hand, wamo also offers quick and easy money transfer services to its users with real-time conversion rates, however with limited currencies. So, if your business has to deal with a lot of currencies, then 3S Money can be your choice.
With wamo, there are no fees involved in local transfers. Whereas, the outgoing international transactions with 3S Money are subject to a fee of 0.6%. For example, if you are transferring 1,000 Euros, you will be charged a fee of 6 Euros. So, if you deal with multiple incoming and outgoing transactions, then you can check out wamo
Accounts and Cards
3S Money and wamo, both offer a very versatile multi-currency account. However, unlike 3S Money, wamo offers free virtual cards that are linked to your account and can be used for all your business transactions. You can use the cards to set spending limits, view transactions and track your balance in real-time.

Customer Support
Both have very reliable customer support teams that are always ready to help you with any query or issue that you may have. If you are looking for a quick turnaround time and a team that works closely with you, then wamo is a better option for you as it responds in less than 3 minutes.

So which one wins? wamo or 3s Money
It really depends on what your business needs are. Both these digital banks are great in their own ways and offer unique features to cater to businesses of all sizes.
If your business is currently growing, it is always good to choose a bank that will grow with you.
Hope this guide helped you in solving your questions about business bank accounts and which bank you should go for.