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.
SEPA with GlobalNetint and SWIFT with Deutsche Handelsbank.
It only takes 1-2 days to open accounts in Germany.
The prices variate depending on the type of business you own. For further information in this regard, kindly contact our support team.
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.
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.