The Business IBAN account that keeps money moving.
Payment IBAN accounts for businesses that need a clearer way to receive, hold and route payments.
One IBAN account.
Multiple ways to move money.
Send, receive and collect euro payments across SEPA using the core rails your business needs: standard credit transfers, instant payments and direct debits.
SEPA Credit Transfer
SEPA Instant Credit Transfer
SEPA Direct Debit
Cards that spend from the same account.
Consumer or corporate card linked directly to their Paynovate IBAN. No separate program. No separate application. Just one account for payments and card spend.
Safeguarded by design. Protected in full.
We are a licensed Electronic Money Institution, not a bank. Client funds are legally required to be safeguarded and kept separate from Paynovate’s own money in line with National Bank of Belgium requirements.
Unlike a bank deposit guarantee, safeguarding does not rely on a €100,000 state guarantee cap. It is a legal requirement to protect 100% of client funds at all times.
Structured around how your business actually works.
Complex KYB, unusual group structures, US shareholders, project-based separation, high-friction sectors and non-standard operating models are all worth a conversation.
We shape the account structure and payment workflows around your business model, subject to the right compliance and FATCA requirements.
Built for real-world operations.
Live within days.
Onboarding checks are completed at the start, with periodic refreshes typically once a year. Most clients are live within days, depending on business structure and documentation.
One license.
Broad coverage.
Licensed in Belgium, with passporting rights across the 30 countries of the European Economic Area.
Support that knows your setup.
A dedicated account team that understands your structure, workflows, and operational needs, with support designed for businesses that do not fit a standard template.
The big questions, answered.
Is this a bank account?
No. It is a business IBAN account provided by Paynovate, a licensed Electronic Money Institution. That gives you payment account functionality without being a bank. Client funds are safeguarded and kept separate from Paynovate’s own money under National Bank of Belgium rules.
Are my funds protected?
Yes. As an EMI, Paynovate is legally required to safeguard 100% of client funds at all times and keep them separate from its own money. This is different from a bank deposit guarantee: there is no €100,000 state guarantee, but there is a legal obligation to protect the full balance.
What payment rails are included?
SEPA Credit Transfer, SEPA Instant Credit Transfer, SEPA Direct Debit (CORE), and Open Banking. All are available through a single account so you can send, receive, collect, and connect from one setup.
Can I receive payments from outside SEPA?
Not yet. SWIFT payments are not available at this time, but this capability is actively being worked on.
How fast is SEPA Instant?
Seconds. 24/7.
Can I hold non-euro balances?
Not yet. Multi-currency accounts are not available at this time, but availability is planned in the near future.
Can I hold/open multiple IBANs?
Yes. Dedicated IBANs can be structured by entity, project, or property under a single managed account.
Can I have a card linked to my account?
Yes. Corporate cards can be issued directly from your account balance. No separate programme, no separate application. Your cardholders spend from the funds you hold.
My business has non-European shareholders. Is that a problem?
No. Businesses with US shareholders can be supported, subject to standard compliance checks and FATCA requirements.
What if my industry has been rejected by banks before?
Tell us about it. Complex KYB, high-friction sectors, unusual corporate structures, and non-standard setups are exactly the cases worth discussing. The answer here is often different.
How long does onboarding take?
Onboarding checks are completed once at the start, then refreshed periodically, typically once a year. Most clients are live within days, depending on business structure and the completeness of the documentation.
Do you offer savings accounts?
No. Paynovate does not offer savings accounts or pay interest on balances. As a licensed Electronic Money Institution, client funds are safeguarded and are not lent out.
Can I make batch payments to multiple recipients at once?
Yes. Batch payments are supported. Whether you are running payroll, paying suppliers, or settling between entities, your account team can help set up the right workflow for your volumes.