You can initiate up to 400 transfers at once by uploading a .XML file that respects the ISO 20022 standard in your Qonto app. The documentation of this standard is downloadable at the end of this article.
Most of the payments and accounting services (as PayFit) can automatically provide .XML files.
To initiate a group transfer using a .XML file, simply follow the following steps.
1 - Create a new bulk transfer
On the left-hand side of your screen, click on the Transfers section. Then, choose the Bulk transfer in Euros option.
2 - Select the .XML format
To initiate a bulk transfer, you can choose 2 different file formats: the .CSV one, or the .XML one. Just click on the .XML file box.
3 - Upload your .XML file once completed
Once you downloaded the .XML file from your payment or accounting tool, you can upload it in your Qonto app.
You can drag & drop your file or click on the drag & drop zone to select it from your computer. If the format is correct, this zone turns green. If not, it goes red.
Here are the common errors you can do:
your file contains more than 400 transfers,
there is a missing field,
your file contains one or several operations that are not in Euros,
your file contains one or several IBAN that are not part of the SEPA zone,
the beneficiary name or the reference is too long,
you have to top-up your account before proceeding.
4 - Plan and organize your transfers
You can schedule your transfers and organize them in categories if necessary.
5 - Verify and confirm
Once you uploaded your .XML file on your app, you just have to check each transfer that appeared on the bottom of your screen. If everything's right, you can confirm your bulk transfer.
If you realize there is a mistake after confirming it, do not worry: you can cancel a single transfer by going back to the Transfers section of your app and clicking on the right one.
All the beneficiaries are then automatically saved in your beneficiary list.
💡 If you have set up Strong Customer Authentication on your account, you will receive a confirmation request on your associated phone.