Sub-Accounts

What are Sub-Accounts?

Your Sub-Accounts are just additional accounts on top of your already existing account with Penta. Each of these accounts comes with an individual IBAN, all...

What can I use Sub-Accounts for?

Sub-Accounts have great benefits, no matter at what stage your business currently is.  If your business is just get started, Sub-Accounts are an easy an...

How can I create Sub-Accounts?

Sub-Accounts can be created with a couple of clicks via the Penta WebApp in the Accounts menu, as long as you are an Admin on your already existing account....

What are the costs of Sub-Accounts?

Sub-Accounts are available in our Advanced and Premium plan offering.  If you use the Advanced plan, you can create and use one Sub-Account to separate ...

I am a Premium user, can I create more than 4 Sub-Accounts?

Unfortunately, the number of Sub-Accounts is currently limited to 4. However, we will in due time allow you to add more Sub-Accounts to your existing plan. ...

Who has access to my Sub-Accounts?

Currently, only Admins of your Penta account have access to Sub-Accounts. However, we are planning to offer you the same level of granularity you have with ...

How can I receive funds on my Sub-Account?

Once you created your Sub-Account, you can see it in the list of existing recipients in your Payments menu.  Start by selecting the account you want to ...

Can I receive external funds on my Sub-Account?

Yes, simply send the IBAN of your Sub-Account to your business partners to allow them to send funds to your Sub-Account.  You can find the IBAN of each ...

Can I download Statements for my Sub-Account?

Yes - you can download PDF and CSV Statements for each of your Sub-Account via the Transactions menu, just like you know it from your first account.

How can I make a payment from a Sub-Account?

Simply head over to the Payments menu and select the account you want to make a payment from, using the dropdown.