This article gives an overview of the basic information about the COMMITLY business account. This includes the technical setup, the banking partner, regulatory framework, costs and the safeguarding of customer funds.
The overview serves as a basis for setting up and using the account.
What is the COMMITLY business account?
The COMMITLY business account is a fully digital account that offers all the functions you need in your daily business, including your own IBAN, card and online payments.
Technically, the account is provided by our partner Swan. Swan is an EU-licensed e-money institution. You manage your account through COMMITLY as usual. All functions run in your dashboard, without the need to use an external bank.
Please also note the relevant information in our privacy policy, and in the data processing agreement under Article 28 GDPR.
You can find more detailed information in the account onboarding information package for COMMITLY customers.
Wer ist Swan und warum arbeitet COMMITLY mit Swan zusammen?
Swan ist ein lizenziertes E-Geldinstitut mit Sitz in Paris. Swan ermöglicht es Unternehmen wie COMMITLY, Geschäftskonten sicher, schnell und zuverlässig bereitzustellen – ohne eigene Banklizenz.
Swan ist ein E-Geld-Institut unter Aufsicht der Banque de France / ACPR, Registrierungsnummer 86245 und mit europäischen Banken wie BNP Paribas zusammen. Für Dich bedeutet das: Dein Konto läuft in COMMITLY, im Hintergrund sorgt unser regulierter Dienstleister Swan für Sicherheit, Zahlungsabwicklung und regulatorische Standards.
What are the benefits of banking with COMMITLY?
You get a modern business account that is integrated directly into your COMMITLY financial planning. Everything runs in one system: banking, company cards, open items, cash flow, planning.
The account is provided in cooperation with Swan. Swan is a regulated e-money institution that safeguards customer funds at BNP Paribas. This gives you the security of a major bank combined with the ease of use of COMMITLY.
Is the COMMITLY business account a real bank account?
Yes. You get an IBAN, can send and receive SEPA payments, use a card and use your account for direct debits.
Legally, it is a so-called e-money account provided by Swan. Customer funds are safeguarded at BNP Paribas and are protected up to €100,000 by the French deposit guarantee fund FGDR.
Who is the COMMITLY business account suitable for?
The COMMITLY business account is ideal for freelancers, sole proprietors and companies that want to manage their finances efficiently and have a 360-degree view of their cash flow.
You do not need an extra tool or bank interface, as the account is integrated directly into COMMITLY. If you are active in business, live in the EU and are looking for a simple solution, this account is exactly the right choice.
What costs are incurred when using the account?
The account itself is integrated into COMMITLY. You only pay the fees, which arise directly from use, e.g. for withdrawals, foreign use or returned direct debits. These costs are shown transparently on your account statement.
The fees are charged directly by Swan and are clearly identifiable as “FeesOut” in the transaction history.
How safe is your money with COMMITLY?
The security of your money is our top priority. Your balance is held in a separate account at the major bank BNP Paribas and is protected by law up to €100,000.
Swan is regulated by the French financial supervisory authority ACPR and meets all EU requirements for handling customer funds. COMMITLY works with Swan to provide this security directly on your account.