A Banqup Business Account is your dedicated payment account that enables you to pay and get paid securely via Banqup. You get a Banqup Business Account when you activate the payment services.
Why is a Banqup Business Account useful?
Efficient payment processing: Handle multiple payments in one batch instead of individually.
Automatic reconciliation: Payments are automatically matched with their corresponding invoices.
Get paid faster: Add payment buttons to your invoices for quicker customer payments.
What can I do with a Banqup Business Account?
Making payments
Pay invoices directly from your invoice management interface.
Pay multiple invoices in a single transaction (even if the invoices are from different suppliers).
Transfer money to external bank accounts.
Receiving money
Add payment buttons to your invoices sent via email.
Receive domestic and international transfers.
Track incoming payments in real-time.
FAQ
Can I have multiple Banqup Business Accounts?
Currently, you can have one Banqup Business Account per Banqup space.
Is my money secure?
Yes, your money is secure. Banqup Business Accounts are operated by Banqup Payments, a licensed payment institution regulated by the National Bank of Belgium (NBB). Our operations and security measures comply with strict financial regulations to ensure the safety of your funds.
Who can hold a Banqup Business Account?
A Banqup Business Account is held by a legal entity, that is, your company. Banqup offers business accounts only, not personal accounts for individuals.
What type of account is it?
It's a current account, used for day-to-day payments in and out. It is not a savings or deposit account, so it does not earn interest.
Why is my balance lower than my recent transactions suggest?
When you pay with a card, the amount is reserved on your account straight away, even though the actual debit can follow a few hours later. Your available balance is your booked balance minus any amounts reserved for payments that are still being processed (available balance = booked balance − reserved amount). Once a card payment is fully processed, the reservation is lifted and the booked balance goes down. This is why your available balance can be lower than what your transaction list shows.