Introduction to online banks｜Sogexia
In this artivle Micco will delve into Sogexia, a neo-bank from Luxembourg. It offers accounts and payment cards accessible to everyone, individuals, and businesses alike, making it an intriguing option for those facing difficulties opening a bank account in France.
In this artivle Micco will delve into Sogexia, a neo-bank from Luxembourg. It offers accounts and payment cards accessible to everyone, individuals, and businesses alike, making it an intriguing option for those facing difficulties opening a bank account in France.
Before diving into Sogexia, it's essential to understand the you have also other options as well. For example: Micco.
Micco stands as an all-in-one financial platform tailored for business creators, facilitating a comprehensive array of services. These include streamlined procedures for company registration, professional bank account establishment, capital deposit management, and more.
Micco's commitment to empowering business creators extends to:
- Effortless company registration processes
- Seamless professional bank account setup
- Convenient capital deposit management solutions
- A suite of additional financial tools and resources catered to entrepreneurs
With Micco, business creators can access a one-stop solution designed to streamline their financial operations and support their growth endeavors effectively.
Table of Contents
- Introduction
- Overview of Sogexia
- Our Evaluation of Sogexia Accounts
- Sogexia Features for Individuals
- Customized Services for Professionals
- Feedback from Sogexia Customers
- Conclusion
1. Introduction
Sogexia, founded in 2010, is a Luxembourg-based financial technology company. Initially focusing on providing prepaid cards for those excluded from the banking system, it expanded its services to include tailored payment solutions for businesses.
2. Overview of Sogexia
Sogexia aims to provide a simple and practical solution for individuals and businesses looking to open bank accounts in France or Luxembourg. In addition to offering personal and business accounts, Sogexia provides various customized payment solutions to meet specific client needs.
3. Our Evaluation of Sogexia Accounts
Pros:
- Offers a free account accessible to all, even those rejected by banks.
- Provides cheap and non-binding payment cards.
- Simple and transparent fee structure.
- Offers up to 20% cashback from partners.
- Provides tailored and white-label solutions for professionals.
Cons:
- Charges fees for incoming transfers and recharges via bank card.
- Does not currently accept check deposits.
- No 100% free package available.
We recommend opening your Sogexia account in just a few minutes!
4. Sogexia Features for Individuals
Free Sogexia Account with Standard Card
- Price: Free for 3 years
⚠️Note: that there is a 1.25%-2% fee on every dollar that goes into your bank account.
- Payment Limit: €7,500 per month
- Mastercard Standard
- No income requirement
- Free international payments
- Partner cashback
The free Sogexia account with a standard card includes:
- An online account opened in minutes, with a French and/or Luxembourg card and RIB.
- Mastercard, immediate debit, with "contactless" option.
- Sogexia app and website for real-time account tracking.
- Sogexia Club: up to 20% cashback from partners.
Paid Sogexia Account with Metal Card
- Price: €9.90 per month
- Payment Limit: €10,000 per month
- Mastercard Metal
- No income requirement
- Free international payments
- Free overseas withdrawals
- Insurances (good)
- Partner cashback
In addition to the advantages of the free account, the Sogexia metal card gives you access to:
- Free withdrawals and payments worldwide.
- One of the cheapest metal cards on the market: €49.90 for a 3-year card and €9.90 per month.
- Mastercard travel insurance: including medical assistance, repatriation, etc.
5. Customized Services for Professionals
Sogexia for professional clients offers the same prices as individuals, with a few exceptions:
- Withdrawals with the standard card are more expensive for professionals: €3 instead of €1.
- Conversely, incoming transfers incur a lower commission for professionals: 1.25% up to €55,000 compared to 2% for individuals.
- Transfers between Sogexia accounts are free and instant.
Professional clients can also benefit from additional services:
- Accounting and statistical tools to simplify life.
- Payment terminals starting from €29, in partnership with Smile&Pay.
- Factoring services to take care of your cash flow.
- Simplified capital deposit process with receipt of a deposit certificate within 24 hours.
6. Feedback from Sogexia Customers
Overall, Sogexia users seem satisfied with the neo-bank, as evidenced by its excellent ratings on Trustpilot: 4.5/5 based on nearly 6,000 reviews.
7. Conclusion
In conclusion, our assessment of Sogexia is generally positive: it's a simple solution to have a functional account without hidden fees, whether you're an individual or a business. However, it's not the cheapest bank or the most innovative neo-bank in terms of features for individuals.
However, for professionals, it's an excellent alternative to expensive and often unsuitable professional accounts from traditional banks, especially if you need customized payment solutions: TPE, gift or loyalty cards, cashback, etc.
Considering Alternatives? Explore Micco
If you're intrigued by Sogexia's offerings and are exploring similar alternatives, consider Micco.
As a financial services company, Micco provides comparable services and solutions tailored to the needs of modern businesses. With a user-friendly platform, competitive pricing, and a commitment to customer satisfaction, Micco is another viable option worth exploring.
Whether you're a freelancer, startup, or established enterprise, Micco offers the tools and support needed to streamline financial operations and drive business growth. Check out Micco today to discover how it can complement your business banking needs.
