Neat Commerce vs Statrys [2022 Comparison]

See how they compare

Contents

    Open a Business Account with Statrys.

    No thanks, I’ll figure it out myself

    FloatingCtaImg

    You are exploring the opportunity to open an account with Neat. Or you have one already, and you are looking for an alternative.

    In both cases, finding the answers to your questions may be time consuming.

    First thing first, if you are still trying to understand what products are offered by Neat, we have you covered in our in-depth Neat review.

    If you are past this stage, you may want to check if any other offer is available. That’s why we have developed a full comparison of Statrys and Neat. It’s worth reading as we have set out as much information as possible so you can make an informed decision.

    The purpose of this comparison is not to come to any definitive conclusion. Determining which option is the best fit for your company will depend on the payment needs of your business.

    In a market that lacks transparency, we have used our best efforts to put together a comparison that may help you make your choice. And if anything is missing, please let us know so we can better help other entrepreneurs by adding relevant information. You can contact us on the website or send us an email at support@statrys.com.

    Now, let’s move to the comparison:

    Accounts

      Statrys logo Neat logo
    Multi-Currency Business Account In Hong Kong checkmark checkmark
    Supported Currencies HKD, USD, EUR, GBP, CNY, JPY, SGD, AUD, NZD, CAD and CHF HKD, USD
    Monthly Income Limit No Yes
    (As set by Neat)
    Total Balance Limit No Yes
    (As set by Neat)

    Multi-currency business accounts in Hong Kong can be used to receive and make payments locally in Hong Kong and internationally from/to other countries. Both Statrys and Neat business accounts support multiple currencies. This means any payment received in one of those currencies is credited to the business account in the said currency – saving the cost of any foreign exchange conversion.

      Statrys logo Neat logo
    EUR IBAN Account checkmark checkmark

    EURO IBAN accounts can be used to receive and make payments in EURO from/to all the countries of the SEPA Zone.

    SEPA Zone
    Eurozone Countries
    Andorra, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Portugal, San Marino, Slovakia, Slovenia, Spain, Vatican City State.

    Non-eurozone countries
    Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania, Sweden, Switzerland, United Kingdom, Guernsey, Jersey, and Isle of Man.

      Statrys logo Neat logo
    GBP IBAN Account checkmark checkmark

    GBP IBAN accounts can be used to receive and make payments in GBP from/to all the countries of the SEPA Zone (see above what the SEPA Zone is).

    Foreign Exchange Services

      Statrys logo Neat logo
    Currencies available USD, EUR, GBP, HKD, SGD, CNY, CHF, CAD, AUD, NZD and JPY USD, HKD, EUR
    FX Services Spot and Forward Spot

    Cards

      Statrys logo Neat logo
    Card Program Mastercard VISA
    Card type checkmark
    Physical & virtual cards
    checkmark
    Physical & virtual cards
    Card base currency HKD HKD & USD
    Payment limit 500,000 Hong Kong Dollars per card/year
    HKD or USD
    balance in the account
    Cards per account Multiple Multiple
    Card mobile application checkmark checkmark
    Instant notification of spending checkmark checkmark
    Control over spending limits checkmark checkmark
    Lock/Unlock Card checkmark checkmark
    Reward Program checkmark checkmark

    Customer Support

      Statrys logo Neat logo
    Dedicated Account Manager checkmark checkmark
    Communication Channels Website, Email, Phone, Whatsapp, Wechat Website, Email, Phone, Whatsapp, Wechat
    Working Hours 9am to 6pm
    Hong Kong Time
    Monday to Friday
    (except on public Hong Kong holidays)
    9am to 6pm
    Hong Kong Time
    Monday to Friday
    (except on public Hong Kong holidays)

    Pricing

    Neat pricing set out in the chart below is a special offer valid from 1 June 2022 to 31 December 2022

    Accounts & Payments Pricing

      Statrys logo Neat logo
    Account Opening Fee  No* No
    Account Monthly Fee HKD88
    (with dedicated account manager)
    No
    Receive local payments Free Free
    Receive international payments (SWIFT)     HKD55 Free
    Send local payments   Free
    Local Payment sent out of the EURO IBAN Account

    HKD5**
    Local Payment sent out of the Multicurrency Business Account in Hong Kong
    USD5 or HKD38
    CHATS payments in Hong Kong

    Free
    All other payments
    Send international payments (SWIFT)     HKD75 HKD5 or HKD38

    * Account opening fee may apply for companies not registered in Hong Kong or Singapore, companies with complex shareholding structure, and companies with high-risk business profiles.
    ** A fee of 25HKD applies for outward local payment exceeding 500,000HKD

    Foreign Exchange Pricing

      Statrys logo Neat logo
    FX Rate Spread as low as
    As low as 0.1%
    based on real time mid-market rate
    (depending on exchange volume)
    Lower spread guaranteed: save 20% on FX commission applied by your other FX providers
    Spot Rate
    (No information provided on spot rate applied by Neat - i.e., the spread with the mid-market rate)

    Cards Pricing

      Statrys logo Neat logo
    Card Transaction in a Currency different than the card base Currency
    (for example using the card for a transaction in EUR)
    FX fee based on Mastercard exchange rate + 1.5% FX fee based on Visa exchange rate + 1.5%
    ATM Withdrawal 1.99%
    Minimum HKD31
    2%
    Disclaimer

    This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Statrys Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.

    Neat and the Neat logo are trademarks of Neat Limited, registered in the Hong Kong SAR China and other countries and regions. Rapyd and the Rapyd logo are trademarks of Rapyd Financial Network Limited, registered in the United Kingdom and other countries and regions.

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