Qonto introduces multiple accounts: up to 5 IBANs linked to a single account
Source: HW Upgrade added 23rd Oct 2020
Qonto updates its service and now allows you to create up to 5 accounts per account, each with its Italian IBAN and to which to associate a debit card from the Mastercard circuit. The new service is free
by Alberto Falchi published 22 October 2020 , at 15: 16 in the Innovation channel
Qonto MasterCard
Qonto , a payment institution dedicated to business users, has added a new function that will simplify the administrative management of companies: the possibility of connecting more accounts to the same account at no additional cost.
Qonto: 5 IBAN on the same account
The new Qonto’s service is free for Standard and Premium users, and for simplifies the administrative management of the company. In fact, it is possible to exploit the possibility to assign separate accounts to the various departments of the company, or to manage the cash flows of collaborators. Each of these accounts will in fact have a dedicated Italian IBAN , allowing you to effectively separate the different types of expenditure . It is then possible to associate debit cards linked to the Mastercard circuit to each of these IBANs. Qonto offers three, with different costs and spending limits: the Carta One , also available as virtual card, costs 5 euros per month and has a limit of 20. 00 0 euro monthly expenditure, the Carta Plus (6 euros per month) reaches up to 40. 00 0 while the Card X (20 euros per month), in addition to having a ceiling of 60. 00 0 euros per month, does not include commissions for withdrawals outside the euro zone and offers a concierge service and access to VIP lounges of over 1. 100 airports.
“ Qonto was born from entrepreneurs for entrepreneurs: we know very well the business processes and the bureaucratic complexities that slow down on a daily basis the development of a company, subtracting precious resources that could be used in the creation of real value rather than in administrative activities “- explains Mariano Spalletti, Country Manager of Qonto Italy -” This is why with Qonto we want to simplify the life of companies with tailor-made solutions that allow our customers to focus only on their core business and to simplify related activities to the management of payments and corporate accounting. In keeping with our development strategy, the functionality of multiple accounts represents a new and important evolution of our core banking services for the business world. if Italian and European “.