What is an additional account and how do I open one?

An additional account sits under your main account, and is there to help you better manage your finances. 

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 Pay > select your current account from stacked accounts > tap the + icon in the top-left corner > tap + Add account

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.

To see and switch between the accounts of a single business: 

• Tap Pay > select your account from stacked accounts