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...