An additional account sits under your main account, and is there to help you better manage your funds.
Here’s a few ways you might want to use yours:
Set money aside for marketing, supplies, salaries, emergencies and other expenses
Separate capital expenditures from daily expenses
You can either top-up your additional account, or receive bank transfers and Payment Links settlements for these purposes.
You can’t use an additional account for:
Running another business or limited company, or to separate the money of your business from the money of your clients
Receiving payments with a card reader or Tap to Pay on iPhone
You can set up Direct Debits and Standing orders for your additional account, just as you do this with your main account.
How do I open an additional account?
In the app, go to ‘Payments’ > ‘Accounts’ > ‘Add’.
We’ll ask you for your business details, like your registered business name and the purpose of the additional account. Then, you’ll need to authenticate with a fingerprint or face recognition, and the account will be created automatically.
In the app, there are two ways to see and switch between the accounts of a single business:
Tap ‘Payments’, swiping left or right to see your accounts. Then just tap the one you want to view.
Tap ‘Accounts’ and select one from the list.
