Exciting Updates: Our Latest Features and New Pricing Structure at wamo

6 months ago   •   .7 min read

.By İlayda Birol
.Table of contents

At wamo, we’re always brainstorming new ways to support your business to be as successful as possible. Last month, our designer team shared all about the wamo app updates that we’ve been working on to make managing your finances with wamo fun and even more efficient than before. Today we’re excited to share our revamped pricing structure and more of the updates we have available to you! 

Our latest improvements include new features that will make handling your business accounts even simpler. The new capabilities include seamless currency exchange and Xero integration to help streamline all your accounting needs. We have also reworked our pricing structure, offering more value and flexibility for your business. And as always, we’re committed to provide you the best possible service at an affordable price.

Seamless currency exchange

One of the awesome new offerings we have is a native exchange feature. You now have convenient access to exchange EUR/GBP currency pairs. This is all easy to do through our web and mobile apps and is a super flexible way to diversify your investment portfolio. An added bonus is that we offer one of the best rates across the spot markets with no fees and no transaction costs!

Simplified accounting, your way

We think it makes sense and saves time to keep using service providers you love and trust. This is why we’ve made it possible for you to easily integrate Xero accounting software into your wamo account. We want your accounting to be simplified so that you get to focus on the bigger picture!

Start, Grow, Scale…

At wamo we’ve been carefully considering all of our customers and potential customers. As you might know, we have three plans available to choose from; the Start Plan, Grow Plan and Scale Plan. We’re happy to share some of the ways we’ve tweaked these plans to suit you and your business even better. Let’s jump right in!

The power of choice – monthly vs. annual plans

All of us function differently and everyone wants options in life! This is why we’ve introduced an annual plan for you to choose from, alongside our already-existing monthly plan. You now have the flexibility to choose what works best for you and your business – paying fees once a month or once a year, it’s up to you.

Introducing cashback rewards

One of the features of choosing the annual option, for the Scale or Grow plan, is that you’ll save 20% on your monthly fees overall. We’ve created an extra little incentive for you too and as of today, you’ll be able to earn up to 1% cashback on everything you spend! At wamo, we believe in rewarding loyalty, and this is our way of putting money back in your pocket.

Now let’s have a closer look at the features, benefits and exclusive perks that come with our Start, Scale and Grow plans.

Start Plan for micro or small businesses

We’re here to support businesses of all sizes and at all stages in their journey. Our Start Plan is specifically designed to empower micro or small businesses to become successful. The Start Plan is both affordable and feature-rich. It includes the following features:

1. Affordable pricing: €19.99 per month

We know how important it is to keep costs down and manageable, especially when your business is in its early stages. The Start Plan will cost you just €19.99 per month. This plan provides a solid foundation for micro and small businesses to manage their finances efficiently. 

2. Save 20% with annual plans - €191.90 per year

If you choose the annual subscription, you will enjoy a 20% discount. This makes it an even more cost-effective solution for your business. That's a whole year of essential features at a reduced rate. 

3. Account opening fees: Tailored for Malta and beyond

For businesses in Malta, there's a one-time account opening fee of €99.99. However, for businesses outside Malta, you can open your account for free. If you are in Malta and you choose the annual plan, the account opening fee becomes free too. 

4. Business accounts: Streamlined and efficient

With the Start Plan, you can open 1 business account per currency. This gives you the flexibility to easily manage your finances in multiple currencies.

5. Transaction fees: Transparent and predictable

  • Local transfer IN: Free of charge, ensuring you can receive funds locally without any additional fees.
  • Local transfer OUT: A small fee of €0.49 per transaction. We believe in transparent pricing, so you always know what to expect.

6. Complimentary virtual card

As a bonus, the Start Plan includes 1 free virtual card. Virtual cards mean that your online purchases are super secure and convenient.

Medium-sized businesses need a comprehensive yet flexible financial solution. This is where our most popular plan comes in: the Grow Plan. This plan is especially designed for businesses on the rise and includes the following features:

1. Affordable monthly pricing: €49.99

The Grow Plan is priced at €49.99 per month and offers a robust set of features to meet the needs of medium-sized businesses. However, if you choose an annual subscription, you’ll get a 20% discount. This means your monthly cost will be just €39.99. 

2. Save 20% with annual plans - €479.90 per year

Opting for our annual subscription means more than just savings; it's a commitment from us to support your business. With a 20% discount on the annual plan, we're not only making our services more affordable but also ensuring that your business has access to essential features for a full year at a significantly reduced cost. This is our way of contributing to your business success and growth. 

3. Account opening fees

There is no charge for opening an account unless you’re a Maltese business. For businesses in Malta, there's a one-time account opening fee of €49.99. However, if you choose the annual plan, it will be free to open your account. This is regardless of where your business is based, even if it is in Malta.

4. Earn cashback on every spending: 0.5% with annual plan

As a unique perk for choosing wamo as your financial partner, we’re offering you the opportunity to earn 0.5% cashback on everything you spend. This is applicable to the Grow Plan.

5. Flexible business accounts: Up to 10 accounts

You can use up to 10 business accounts when you’re with the Grow Plan. Each account can be tailored to your specific needs. This feature-rich solution is super adaptable to suit all your business needs. 

6. Transaction fees: Clear and concise

  • Local transfer IN: Free of charge, facilitating seamless fund transfers within your business accounts.
  • Local transfer OUT: The first 50 transfers each month are free. After that, a small fee of €0.49 per transaction ensures transparent and predictable costs.

7. Virtual and physical cards: Empowering your transactions

  • Virtual cards: You’ll receive 10 free virtual cards. These are perfect for secure online transactions.
  • Physical cards: You can get 5 free physical cards that will give you flexibility for in-person transactions.

Scale Plan for medium to large businesses

Our Scale Plan caters to the dynamic needs of medium to large businesses, offering features to fuel your business growth. The following features are included in wamo’s Scale Plan:

1. Competitive pricing: €79.99 per monthTake your business to new heights with a plan that adapts to your ever-changing needs. The Scale Plan will hardly make a dent at €79.99 per month when your business is thriving. This plan provides a comprehensive suite of features designed to meet the demands of medium to large enterprises. 

2. Save 20% with annual plans - €959.90 per yearThe Scale Plan becomes even more cost-effective when you choose an annual subscription. A 20% discount means you’ll only be paying €79.99 per month. This is how we at wamo reward your commitment to sustained growth.

3. Free account opening for monthly and annual plansAt wamo, we believe in simplifying processes. That's why the account opening is free for both monthly and annual plans. Get started now, with no upfront fees.

4. Efficient local transactions: IN and OUT

  • Local transfer IN: Receive funds locally without any extra charges.
  • Free local transfer OUT: The first 250 transfers each month are on us! After that, we’ll charge you a small fee of €0.49 per transaction. 

5. Unlimited cards

  • Virtual cards: You’ll have access to an unlimited number of virtual cards, providing versatility for your online transactions.
  • Physical cards: You will also have the convenience of an unlimited number of physical cards, extending the flexibility of your in-person transactions.

6. Cashback rewards: Maximise your savings

If you choose the Scale Plan’s annual subscription offer you’ll be able to earn 1% cashback on all your spendings. This is a unique opportunity to receive a percentage of what you spend, to put back into your business or use as you wish. We like to think of the Scale Plan as a strategic investment into the success of your medium to large business.


We're thrilled to announce our latest cashback campaign, tailored to reward your spending habits. If you're subscribed to our annual Grow Plan, get ready for a delightful perk. Every purchase you make using wamo's innovative physical and virtual debit cards now comes with a 0.5% cashback bonus. That's right, half a percent back on all your transactions, simply for using your wamo card! The best part? We ensure that your cashback is conveniently credited to your account at the end of each month, providing a seamless and rewarding experience.

But wait, there's more! For our users on the Scale Annual Plan, we're doubling down on the benefits. You'll earn an impressive 1% cashback on all your spendings. Whether you're restocking office supplies, managing operational costs, or even treating yourself to a well-deserved lunch, every expense earns you more. It's our way of saying 'thank you' for choosing wamo, and to help you maximize your financial efficiency in every aspect of your business.

At wamo, we're committed to supporting your success. And it is our hope that our revamped pricing structure and extra enhancements bring even more value and flexibility to your business. As always, we’re here to give you the best possible service, so don’t be shy to get in touch with us for any more info.


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