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Can I open an additional Paysera account?

Can I open an additional Paysera account?
We get it – you've been wondering if it's possible to have more than one Paysera account. It's a question we hear from our clients now and then, and we're thankful for your interest! It’s time to clear up any doubts you may have about whether you can open an additional Paysera account.

Can I have multiple Paysera accounts?

The short answer is no, you can only have one Paysera account in our system. However, you can have multiple wallets, also referred to as IBANs, within your single account.

Having multiple IBANs gives you the freedom to handle your money better, without the need to manoeuvre between different accounts. Simply put, you can split your funds under one account instead of opening a new one. Everything is conveniently located in one place!

Multiple wallets vs multiple accounts – what’s the difference?

Sometimes, it can be hard to find one company that caters to all your financial needs. For instance, they might offer you international transfer possibilitiesbut lack currency management options.

So, what happens if you need currency exchange services? You'd typically have to turn to another company, which might not provide international transfer options. This scenario often results in needing multiple accounts from multiple companies.

But with Paysera, we've got you covered on all fronts. You can enjoy the convenience of having one account, but with separate wallets – or IBANs, if that's what you're more comfortable with. This eliminates the need for multiple accounts. Sounds pretty great, doesn't it?

One Paysera account offers multiple IBAN possibilities.

Examples of different IBANs on Paysera

Allow us to briefly share the different options that your Paysera account has to offer.

Payment account
Consider this as your personal financial hub where you can send and receive transfers, pay bills, make purchases, or even receive your salary. It's like a virtual wallet that houses all your money management activities.

Card account
This type of account is linked to your payment card. You can use it for making purchases, withdrawing money, and conducting various financial transactions, whether you're shopping online or at a physical store.

Currency account
Paysera offers 30+ currencies that you can exchange within your account in seconds. Each currency you exchange can have its own IBAN or all of them can share one – whatever meets your needs best.

Shared account
This is perfect if you need to manage shared expenses with someone. For instance, if you and your partner split costs, a shared account can help you keep these expenses separate and organised, free from your personal finances.

Savings account
Looking to save some money for the future? Paysera's account for savings is probably what you’re looking for, then. You can create an account for savings in seconds and customise it to suit your needs.

Here's what you can do:

  • Define your savings goal, including the amount and currency you wish to save.
  • Personalise it with a unique name, like 'Summer Holiday' or 'Dream Car'.
  • Set an end date for your savings goal (this is optional).
  • Share your account for savings with others (also optional).
  • Automate regular payments into your account for savings (optional, but makes saving so much simpler).
Paysera clients can have multiple IBANs, including an IBAN for savings account.

In conclusion

By now, you know that although our system permits you to have just one account, this account opens up a whole world of financial services for you. Moreover, you aren't limited to one 'wallet'. You can create multiple wallets, or IBANs, to help manage and divide your finances based on various needs or goals.

Why bother signing out of one account and signing in to another just to access different features? With us, everything you need is in one place.

We hope this blog post clears up any confusion and helps you understand our system better!

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