Questions & Answers

DESIGNATED ACCOUNTS

What is a designated account?

Designated accounts are specifically generated to receive money from PSP companies and Business-to-business. In case you decide to open it, you will have your own IBAN and the account will be under your company name.

What type of accounts can I open?

SEPA with GlobalNetint and SWIFT with Deutsche Handelsbank.

How long does it take to open a designated account?

It only takes 1-2 days to open accounts in Germany.

How much will it cost to open a designated account?

The prices variate depending on the type of business you own. For further information in this regard, kindly contact our support team.

Do I need to have an account in order to upload funds to my GlobalNetint account?

We encourage all our clients to have their own IBAN as this is the easiest way to receive funds. PSP companies would only send settlements to companies who have designated accounts and it's easier for all businesses to provide their own account information to their clients and suppliers.

If I have a designated account in EUR, can I upload USD?

No, you can only receive the currency of the designated account. For which if you have a designated account in EUR, you can only receive EUR, and this is same for all currencies.