Designated accounts are specifically generated to receive money from companies and not from individuals. The typical use case is business-to-business transactions. In case you decide to open one with us, you will have your own IBAN and the account will be under your company name.
As you won\'t have access to the account statements, the incoming payments will be immediately reflected on your MNI account.
Romania (EXIM bank): currencies available: EUR, GBP, USD
Hungary (K&H bank): currencies available: EUR, GBP
Germany (DHB bank): currencies available: EUR
This depends on the bank. For accounts in Hungary and Romania, it can take up to 3 weeks. It takes just 1-2 days to open accounts in Germany.
The prices variate depending on the type of business you own. For further information on this regards, you can contact our support team.
We encourage all our clients to have their own IBAN as this is the easiest way to receive funds.
PSP companies only send settlements to companies who have designated accounts, and it is, therefore, easier for all businesses to provide their own account information to their clients and suppliers.
You can only receive money in the currency of the designated account. Meaning if if you have a designated account in EUR, you can only receive EUR, and the same applies to all currencies.