Bank account requirements
The linked bank account must be a dedicated business bank account and not a personal account
Your bank account must be in the official currency of the country your SumUp profile is registered in
Your bank account must also use the official currency of the country the bank account is registered in
The name on your bank account must match the name on your SumUp profile
SumUp accepts most major banks and cards, including prepaid cards. But be sure to pay attention to any transaction limits associated with your card or bank
You can only register one bank account with your SumUp profile at a time
You can change your bank details quickly and easily at any time.
Personal bank accounts aren't compatible
Separating your personal and business funds is essential for compliance with applicable local and international money laundering standards. For this reason, it’s necessary to use a dedicated business account and not the account you use for personal, day-to-day finances.
Keeping your business and personal money separate also has the added benefit of ensuring you can easily track your business’s health by seeing which money belongs where.
Not to worry, open a SumUp Business Account for free when signing up with us and keep your personal and business funds separate.