Better manage your cash flow with multi-accounts

3 mins

October 15, 2020

By Mélanie Alves Lima

How would you feel about opening a new current account?

Now, you can create up to five current accounts with dedicated IBANs to manage your company’s cash flow as you see fit. And perhaps best of all, you can do all this in just two clicks (really!).

What impressed me most was that you can open an account in just 2 clicks. Not 5 clicks, not 3, but actually 2! When it comes to saving time, it doesn’t get much better than that...Philippe Brunet - CEO and Founder of Filovent

Just created a new current account? You can rename it, add funds to it, order new cards, download and share your new IBAN, send transfers (almost) instantly between your different Qonto accounts... basically you can ensure that your new account meets your needs.

Your multiple current accounts will have all have the same functions and features you already know and love.

Multi-accounts, multi-uses

What can multi-accounts do for you? Here are three ways you can handle your cash flow like a pro by opening multiple accounts.

1. Divide to save more

Just as you would fill your piggy bank every birthday, multi-accounts can help you separate between your expenditures and save some money. No more nasty surprises during tax season or when you have to return a deposit.

My business is doing well because we never spend beyond our means. With multi-accounts for each expense, we know there is always enough money for payroll, taxes, etc.Vera Merx - CEO of Van Veer Doctor Bags

Time to pay? Not a problem - you have other options now. Set up a direct debit, send a transfer or make a withdrawal, and much more, all directly from your account.

2. Separate your activities

Does your company engage in various types of business activity? Assign an account to each activity. This is the key to complete control over your finances.

Even if our main activity is GuideDoc, we have many other side activities. Because of this, being able to have several current accounts allows us to have a clear vision of the financial situation of each of our projects.Victor Correal, Founder and CEO of GuideDoc

3. Allocate budgets to your teams

Nothing beats team work - in fact it’s one of the foundations of our work ethic here at Qonto. And now with multi-accounts, you can share the management of your finances without losing control.

How? By creating a dedicated account for the expenses of each of your teams. You can then provide them with cards to help them manage their budget, all while keeping an eye on everything from your application. Win-win: more transparency for you, and more autonomy for your teams.

👉 Want to know more? Have a look right here.

A new interface for new accounts

To reflect these changes, we gave our app a fresh new look! New sections, new icons, new shortcuts... Our teams left nothing to chance. We redesigned your interface for even simpler and faster navigation.

Being able to have an intuitive and clear interface that allows you to diversify your money, gives you a completely different user experience.Victor Correal, Founder and CEO of GuideDoc

Each of your accounts has its own “ID” card: name, bank details, balance. We’ve put all the pertinent information in one place so you can verify your cash flow situation in the blink of an eye.

Check your transactions, bank cards, transfers, direct debits...in just a few clicks. Need a clearer picture? Feel free to tinker with the filters and select only the elements that matter to you.

This new feature is available starting from the Premium plan. The new interface, however, is available to everyone.

ABOUT THE AUTHOR

Mélanie Alves Lima

Our Product Marketing Managers have one simple goal: to help our customers get the most out of Qonto’s many tools and features.