Score 8.3
Regulation TCSP, FCA
Neat Card
Score 8.3
Regulation TCSP, FCA

What is Neat Commerce Banking?

Neat Commerce is a business platform for startup companies that provides a full business registration and banking service. It’s a one-stop-shop for when you’re ready to start trading and don’t know where to officially begin. The entire Neat Commerce service aims at supporting entrepreneurs along their way to success.

The online process to register a new company takes around 15 minutes, and you can receive virtual copies of the official registration documents within seven days. You don’t have to visit any offices as the entire process and support is online. It’s an excellent entry into the Asian market if that’s a requirement for your business.

Once your new company is registered, you automatically qualify for the Neat business bank account. It offers all the tools and features you need to manage your business finances efficiently. Its pricing is transparent and straightforward. You’ll know precisely what you’re paying for each step of the way with no hidden fees to catch you off-guard.

Key Details

Founded
2015
Users
5,000+
Regulation
TCSP, FCA
Headquartes
Asia-Pacific (APAC)
Based on 381 reviews
Neat Key Details
Founded 2015
Users 5,000+
Regulation TCSP, FCA
Headquartes Asia-Pacific (APAC)
Get started with Neat

Neat Commerce Account Pros & Cons

Pros
  • green-check-mark Very well regulated & licensed
  • green-check-mark Multi-currency accounts
  • green-check-mark Access to virtual and physical Visa and MasterCards
Cons
  • Isn’t available globally
  • Have a large sector of business that is not allowed

Neat Banking Features

Multi-Currency Accounts

Accordeon button

Neat recently partnered with the United Kingdom-based Railsbank and now offers multi-currency accounts to its customers. You can trade locally and internationally in GBP, HKD, USD or EURO, for payments and receipts. This service eliminates waiting time for international transfers and conversion fees.

Payments

Accordeon button

You can make local and international payments to more than 35 countries in a fast and cost-effective manner. Neat Commerce banking offers batch payments that allow you to make one payment to multiple payees in various currencies. You can also set up recurring payments to suppliers and employees in all participating countries.

Corporate Card

Accordeon button

All Neat Account holders are pre-approved for Visa and Mastercards for themselves and their teams. Once your account is open, you’ll receive a virtual card instantly that you can start using to make and request payments. You’ll receive your physical card within a few days. There’s no monthly fee for the cards, and you get 1% cashback on all payments made with your Neat Card.

Roles & Permissions

Accordeon button

You can order Neat Visa cards for all your employees, making their spending instantly visible to you through the Xero accounting platform. You can set daily, weekly and monthly limits on all Visa cards online for each employee individually.

Accounting Tools

Accordeon button

The Neat banking platform integrates seamlessly with Xero accounting software. It’s automated, and all your transactions pull through to your backend and create reports in real-time.

Integrations & Api

Accordeon button

Neat seamlessly integrates with Shopify, Stripe and Xero. With the Stripe integration, you can request payments from your customers online, and they can make payments directly to your Neat account following a convenient link on the payment request.

Security

Accordeon button

Neat holds regulatory licenses from various institutions such as TCSP from Hong Kong, Money Lenders Licence and a Money Service Operator License. In the UK, Neat is registered as an EMD agent that’s approved by the FCA. When you fund your Neat Business Account, the funds are kept by licensed banks in the UK or Hong Kong. As part of the Visa and Mastercard chain, your cards are protected by the global Visa network.

Customer Support

Accordeon button

The Neat website offers a comprehensive FAQ section and a live chat feature. You can instantly talk to a service advisor 24/7.

Plans & Pricing

Neat Business
Price per monthFree
Foreign currency payment feesHK$90 / US$12
ATM withdrawal2%
SEPA transfers Free
Expense managementFree
Multilingual customer supportFree
Neat Business
Price per month Free
Foreign currency payment fees HK$90 / US$12
ATM withdrawal 2%
SEPA transfers Free
Expense management green-check-mark
Multilingual customer support Free

FAQ

Who can open a Neat business account?

Accordeon button Accordeon button

Neat Business Banking accounts are available to Limited Companies, Partnerships and Sole Proprietors from participating countries. There’s a selection of business types that may not apply for a Neat Account. The list is available on the official website.

What countries can I open an account in?

Accordeon button Accordeon button

Andorra, Anguilla, Antarctica,  Antigua and Barbuda, Australia, Austria, Argentina, Bangladesh, Belgium, Brazil, British Virgin Islands, Canada, Cayman Islands, Chile, China, Croatia, Czech Republic, U.S. Virgin Islands, United Kingdom, United States, Uruguay, Vietnam, Denmark, East Timor, Estonia, France, Finland, Greece, Germany, Guam, Guernsey, Hungary, Hong Kong, Iceland, Indonesia, India, Isle of Man, Ireland, Israel, West Bank, Gaza, Italy, Jersey, Japan, Kiribati, Liechtenstein, Luxembourg, Macau, Malaysia, Maldives, Marshall Islands, Mexico, Monaco, Nepal, Netherlands, New Zealand, Norway, Papua New Guinea, Philippines, Poland, Portugal, Saint Kitts & Nevis, Saint Vincent, The Grenadines, San Marino, Seychelles, Singapore, Slovakia, Slovenia, Solomon Islands, South Africa, South Korea, Sweden, Switzerland, Spain, Thailand, Taiwan, Tonga, Turkey, Turks, Caicos Islands

What Documents Do I Need to Open a Neat Commerce Account?

Accordeon button Accordeon button

You need to submit official company registration documentation. You’ll also be asked to provide personal identification documents for all directors/owners of the company.

How Do I Open a Neat Commerce Bank Account?

Accordeon button Accordeon button

If you make use of the business registration offered by Neat, you’ll automatically receive a Neat bank account. If you have an existing business, you’ll need to fill out an application form online that requires extensive information regarding your business, the type of customers you serve and the payment methods you prefer.

How can I access my account?

Accordeon button Accordeon button

You can access your Neat account via the mobile app or from your desktop device.

Is my money safe?

Accordeon button Accordeon button

Yes, Neat Commerce adheres to stringent financial safety and security protocols and is a licensed financial service provider.

User Reviews

5/5
label_img

It’s a very good payment platform, secure, fast, easy to use. No payment is stuck and customer service is wonderful.

By Mario Jan’, 2021
5/5
label_img

Great Business Bank, I fall in love with the Bank and my friend give the best and up till date information concerning your bank and am satisfied with it.

By Dale Oct’, 19
5/5
label_img

Good product good service Very satisfied, using it since 2018

By Aug’, 2020

Our Verdict

Neat Commerce business banking is an excellent startup solution for businesses that trade internationally. The online sign-up process is quick and effortless without the need to visit a traditional bank.

If you’re looking for a way to enter the Asian market, a Neat Commerce business account is a foot in the door. It’s well-regulated, licensed and extremely safe. Although there are many businesses it doesn’t cater to, Neat Commerce remains a top-notch solution for the ones it does.