Sub-Accounts
What are Sub-Accounts?
Subaccounts are basically additional accounts to your already existing Penta account. Each sub-account has its own IBAN that you can use to receive and send...
What can I use sub-accounts for?
Subaccounts offer many advantages for your business, no matter what stage you are currently in with your business. If your business is just starting ou...
How can I create sub-accounts in my Penta account?
As an administrator, you can create sub-accounts with a few clicks from the Penta WebApp in the "Accounts" menu. When creating the sub-account...
How much does a sub-account cost?
With the Advanced Plan you can create one free sub-account, for example to separate income streams. With the Premium Plan, you can create up to four free ...
I am a Premium user, can I create more than 4 Sub-Accounts?
We currently offer 4 sub-accounts, but we are expanding the capacity at the moment. You can now be one of the first customers to be activated for up to 15 s...
How can I manage access to my sub-accounts?
You can manage access to your sub-accounts 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 sub-account?
Once you have created your sub-account, you can see it in the list of available recipients in the Payments menu. Start by selecting the account from whi...
Can I also receive funds from third parties on my sub-account?
Yes, just send the IBAN of the sub-account to your business partners so they can transfer money to your sub-account. You can find the IBAN of each of yo...
Can I download account statements for my sub-account?
Yes, you can download PDF and CSV exports for each of your sub-accounts from the "Account transactions" menu. More information about sub-accou...
How can I make a transfer from my sub-account?
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...