How to set up a EUR or USD named account?

Which currencies and networks are available for named accounts?

Fipto currently supports named accounts in two major currencies:

• EUR named accounts: Access to SEPA network for efficient European transfers
• USD named accounts: Access to SWIFT network for global transactions

Each named account comes with a dedicated IBAN registered under your business name, ensuring professional payment processing.

Who can set up named accounts?

All Fipto clients can request named accounts for their businesses, but your company must first complete a dedicated onboarding process with our banking partners to gain access to the account creation capabilities.

Two ways to get onboarded:

• During initial Fipto onboarding: Request EUR/USD access upfront for a streamlined single onboarding process
• After you're already a Fipto client: Activate EUR or USD later directly in-app or by contacting [email protected]

Our account managers will guide you through the process and collect any required company documentation. The onboarding may require additional company documents for our banking partners' KYB (Know Your Business) process, but our team will be there to assist you and answer all your questions.

Once fully onboarded with our banking partners, you can set up your named accounts in EUR or USD directly from the Fipto platform.

How to set up your named account

To create a new named account on Fipto, follow these steps:

1. Navigate to the Wallets page When you log into your Fipto account, you'll land on the Wallets page by default.
2. Click "Add wallet" Find and click the "Add wallet" button at the top right of your screen.
3. Select your currency Choose either EUR or USD from the available currencies. This will automatically create a named account (displayed as a "fiat wallet" in the interface) for your selected currency.

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Important

Each wallet holds only one currency, but you can easily manage multiple currencies by creating separate EUR and USD named accounts.

4. Set a wallet name Enter a name for your wallet to help you identify it (note that you can always change the name later).
5. Click "Add wallet" Finalize the creation by clicking the "Add wallet" button.
6. Access your account details Once created, you'll see your new fiat wallet. Click the "Details" button at the top right to view your account information.
7. Find your IBAN and account details In the details panel, you'll find all the information needed for receiving payments:
   • IBAN number
   • BIC code
   • Account holder name (your company name)
   • Bank name and address

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Important

You can copy these details manually or use the "Send wallet details by email" button to automatically create an email with all your account information pre-filled.

Managing your named accounts

Once your named accounts are set up, you can:

• Send payments: Use the "Send" button to initiate transfers
• Receive payments: Share your IBAN details with clients and partners
• Convert currencies: Use the "Convert" button to exchange between EUR, USD, and stablecoins
• Edit details: Rename your wallets anytime using the “Edit” button
• View transactions: Monitor all payment activity in your transaction history