Since October 2020, at Qonto, you can have various current accounts with dedicated IBANs, bank statements and payment methods.
That's what we call multiple accounts.
How many accounts can I have?
If you have at least one Smart plan on our Solo offer or if you have chosen a plan in the Team offer, you can open multiple accounts based on your needs.
The following tables show you the maximum number of multiple accounts you can have depending on your plan (including your main account) :
25 (additional charged)
For example, you can create multiple current accounts to:
Divide your expenses items and save some money
Separate the different activities your run in your company
Allocate budgets (and credit cards) to your teams
This way, you can keep an eye and manage your cash flow, as desired.
How can I create a new current account?
When you register on Qonto, you open a first current account. Then, directly from your Qonto app, you can create four other more.
To create a new current account, all you have to do is:
Go to the Business account section of your Qonto web app, and click on Accounts
Click on the Create account button
Select the type of account (current or term deposit) and choose the name of your new account, and that's it!
☝️ Good to know: The name you have chosen will appear on your bank details and on your statements, you can read the following article to have more information How can I rename my Qonto current account?
How does it work?
The answer is quite simple: no matter if you have one, two, or five current accounts, they all work the same way and offer the same features. Basically, you can associate cards, make transfers, establish SDD, make payments, and receive money on each one of your accounts.
✌️ Good to know: From the Accounts section of your Qonto app, access your IBANs and make current operations like transfers or direct debits simply by clicking on the different icons. Want to have a look at your transactions history? Just click on the card. Otherwise, directly from each section, you can filter on the account of your choice by clicking on All accounts.
Note: All your monthly fees for your subscription and off-subscription operations will be charged on your first Qonto current account.
How to Delete a Multiple Account
First, ensure the account has a zero balance (€0) and there are no pending transactions or check deposits linked to the account.
Then, follow these steps:
Go to the Accounts section in your Qonto web application.
Select the account you want to delete.
Click on the three dots at the top right of the box and click on Close account.
Confirm the account deletion by entering the code received via SMS.
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