Subaccounts

What are Subaccounts?

Subaccounts are basically additional accounts to your already existing Penta account. Each subaccount has its own IBAN that you can use to receive and send ...

What can I use subaccounts for?

Subaccounts offer many advantages for your business, no matter what stage you are currently in with your business.  If your business is just st...

How can I create subaccounts in my Penta account?

As an administrator, you can create subaccounts via the Penta Web App either in the "Accounts" menu or via the quick menu on the left. When cr...

How much does a subaccount cost?

With the “Starter” plan you can create one free subaccount, for example to separate income streams. With the “Comfort” plan, you can create up to four fre...

I am a „Comfort” user, can I create more than four subaccounts?

Yes, you can. Currently, the creation of up to 15 subaccounts is possible.  The “Starter” plan includes two subaccounts, the “Comfort” plan inc...

How can I manage access to my subaccounts?

You can manage access to your subaccounts under the "Users & Cards" menu. Just click on the user you want to adjust the permissions for. Then ...

How can I receive funds on my subaccount?

To initiate an internal transaction, you now have two options: Use our drag & drop function by simply clicking on the starting account & holding...

Can I also receive funds from third parties on my subaccount?

Yes, just send the IBAN of the subaccount to your business partners so they can transfer money to your subaccount. You can find the IBAN of each of your...

Can I download account statements for my subaccount?

Yes, you can download PDF and CSV exports for each of your subaccounts from the "Account transactions" menu. More information about subaccount...

How can I make a transfer from my subaccount?

Simply go to the "Payments" menu and use the drop-down list to select the account from which you want to make a payment. More information abou...