Fastest Business Account Options You Can Open for Your Business in 2025
June 30, 2025
A dedicated business account is no longer a “nice to have.” It’s the backbone of cash‑flow management, tax compliance and investor transparency. For founders and freelancers alike, speed is critical: every day spent waiting for bank approval is a day you can’t invoice, pay suppliers or integrate with bookkeeping software.
This guide pinpoints the fastest business account solutions available today—perfect for startups, solopreneurs, e‑commerce sellers and exporters that need to separate personal and corporate finances yesterday.
How Fast Can You Open the Fastest Business Account?
Traditional high‑street banks still ask you to print business plans, appear in person and then wait up to six weeks for a green light. Digital challengers flip that timeline. Wise reviews most applications “within a couple of days” , while Revolut says you can “open a Revolut Business account online in minutes” .
To shave off even more time, gather these documents before you click Apply:
- Certificate of registration (CVR/Companies House/LLC filing)
- Shareholder and director IDs (passport + proof of address)
- Brief activity description and website/social links
- Expected monthly transaction volumes
Having the paperwork ready lets compliance teams tick all their KYC boxes and approve your account at record speed.
Top 3 Fastest Business Accounts You Can Open Online
🔹 Wise Business Account
Wise is the poster child for rapid, border‑free banking. Most customers get local bank details in under ten working days—and often in just two. For a one‑off 375 DKK (≈ €50) setup fee you unlock 40+ currencies, Danish‑language support and batch payments for up to 1,000 invoices. There are no monthly charges, making Wise one of the cheapest business account options once live.
Best for: freelancers billing abroad, SaaS or e‑commerce brands that juggle multi‑currency payouts.
🔹 Revolut Business
Revolut onboards most Danish and EU companies in 10–30 minutes provided your industry isn’t restricted. The platform supports 30+ currencies, virtual and physical debit cards, an open API and subscription tiers from 0 DKK to 770 DKK per month. Higher plans add FX allowances and bulk approvals.
Best for: agencies, marketplace sellers and SMEs that want deep spend analytics plus optional interest‑bearing sub‑accounts (up to 1.75 % on Enterprise).
🔹 Lunar Business
Copenhagen‑based Lunar promises a fully digital signup and links directly to Danish accounting suites like Billy and Dinero. Plans range from 289 DKK (Simple) to 589 DKK (Limitless) per month with 0 DKK setup. The trade‑off? Only DKK accounts and pricier cross‑border transfers (0.5 % + 50 DKK).
Best for: locally focused freelancers and micro‑companies that need an all‑Danish interface and instant MobilePay hooks.
Comparison Table: Fastest Online Business Accounts
Before you dive into the data, note that “time to open” assumes you submit complete documents on day one; missing paperwork is the usual cause of delays.
| Provider | Opening Time | Currencies | Monthly Fee | Setup Cost | Ideal Users |
|---|---|---|---|---|---|
| Wise | 1–2 days | 40+ | 0 DKK | 375 DKK | Freelancers, e‑commerce, SaaS |
| Revolut | 1–3 days | 30+ | 0–770 DKK | 0 DKK | SMBs, digital studios |
| Lunar | 1–3 days | DKK only | 289–589 DKK | 0 DKK | Local freelancers |
These headline numbers hide nuances—Wise charges small FX conversion fees, Revolut limits free transfers on its Basic plan and Lunar imposes international mark‑ups. Always project your real‑world volumes before deciding.
How to Speed Up the Process: Documents & Pro Tips
Opening even the fastest business account can stall if your documentation is incomplete. Double‑check that your company’s legal name matches every form, and scan passports at 300 dpi to avoid unreadable uploads.
Rapid‑approval checklist (keep it in a cloud folder):
- Certificate of incorporation or CVR PDF
- Shareholder register and ownership chart
- Director passports and utility bills (≤ 3 months old)
- VAT or tax ID confirmation
- Screenshot or URL of your live website/social profile
Upload everything in one batch—most compliance teams prioritise “ready” files over drip‑fed paperwork.
Submitting complete, clearly labeled docs can shave days off approval, turning a week‑long wait into overnight onboarding.
Can You Get a Free Business Account?
Truly free business account offers are rare; providers must recoup KYC and payment‑network costs somewhere. Wise opts for a one‑time fee, then pay‑as‑you‑go usage. Revolut’s “Free” tier waives the subscription but caps FX and requires upgrades for perks. Lunar advertises 0 DKK setup yet still bills monthly.
Your goal is total cost of ownership over 12 months. For low‑volume freelancers, Wise often wins; for heavy spenders, Revolut’s Scale plan can be cheaper than pay‑as‑you‑go FX.
How to Choose the Right Account for You
Before you hit Apply, weigh these five factors:
- Speed—do you need to invoice this week or can you wait a month?
- International reach—multi‑currency is a must for exporters.
- Integration stack—check API or native links to your bookkeeping platform.
- Scalability—can you upgrade limits without switching banks later?
- Total fees—model your typical transfers, FX and card spend.
If lightning‑fast approval plus multi‑currency is top priority, Wise or Revolut outrun traditional banks. If you operate only in DKK and value local Danish support, Lunar might edge ahead.
Opening a business bank account no longer has to feel like queuing at the DMV. Fintech challengers now let you secure the fastest business account in as little as 24 hours—provided your paperwork is in order.
Wise, Revolut and Lunar each trade something for speed: Wise charges a one‑off fee, Revolut tiered subscriptions and Lunar higher FX rates. Pick the combo that best suits your growth stage, and you’ll be sending invoices, paying vendors and scaling internationally long before the average high‑street bank would have printed your first contract.
When seconds count, digital beats traditional every time.
