Ramp review

There is no monthly charge and no annual charge: the monthly fee is $0 and the annual fee is $0, both in US dollars. Physical and virtual corporate cards come at no extra cost and wires are free, so holding several cards costs nothing extra to maintain.

It is a debit card with a charge setup, so balances are paid in full from the business account rather than carried month to month. Cards run on the visa network, and both physical and virtual versions are issued for company use.

The business account is FDIC-insured with no fees, minimum deposits or transfer caps, and the cards are debit cards, so spending draws down the balance you hold instead of building a monthly bill. Cash earns interest, and a separate investment account sits alongside the account.

Spending earns Up to 5% cashback plus over $350,000 in partner rewards. The rewards are paid as cashback, so the money returns to the business rather than as points or miles, and Ramp lists partner rewards and sign-up offers alongside the cashback for companies buying business services.

The account supports from 40 currencies and is built around multi-currency use. Virtual cards and travel features are part of the set, so a trip or a subscription in another currency can be paid on a company card, and new currencies do not add card fees.

Ramp is built for business spending, and the company behind it is Ramp Business Corporation in the US. Individuals wanting a personal current account should look at Wise or Starling Personal Account Debit instead, since Ramp issues cards against a company rather than a person.

Support runs through email, chat and phone, covering email, chat, phone and a help centre. Chat is available round the clock, while round the clock phone support sits on the Plus and Enterprise plans. A help centre handles the questions that do not need a live agent.

Ramp makes no personal credit checks and asks for no personal guarantees, so an application rests on the business account rather than on an owner's personal record. Once the account is open, unlimited physical and virtual cards can be issued to staff without adding them as personal guarantors.