Great multi-currency wallet
Rating: 10 out of 10
Use Cases and Deployment Scope
I use amnis mainly to receive foreign currencies. My customers are stationed in the EU, Switzerland, Great Britain and other countries. As such, I receive a lot of foreign currencies and needed a wallet to receive everything under one umbrella. Before amnis, my bank forced me to convert the currencies, which came with high fees.
Pros
- Sending, holding and receiving multiple currencies into one single wallet.
- Very cheap FX and global transaction costs
- Multi-currency debit cards
- A market place for 3rd party integrations
- Makes bookkeeping easier
Cons
- At first, I had trouble understanding all the features, likely due to the large number of services offered.
Likelihood to Recommend
amnis is well-suited for companies that have any kind of global involvement: As soon as you deal with more than one currency, amnis can really help you organise your finances and decrease associated costs, which come with traditional banks.
For instance, with amnis I am able to pay US companies as if I had a bank account in the United States. The same is true for many other regions. I finally don't have to use the SWIFT network anymore.
Recently, I have started using their multi-currency debit cards. The card directly books the right currency (no forced currency conversions).
amnis is likely not well-suited for companies that operate only locally in their own currency.
For instance, with amnis I am able to pay US companies as if I had a bank account in the United States. The same is true for many other regions. I finally don't have to use the SWIFT network anymore.
Recently, I have started using their multi-currency debit cards. The card directly books the right currency (no forced currency conversions).
amnis is likely not well-suited for companies that operate only locally in their own currency.
Vetted Review
3 years of experience