How do I create a new sub-account?

All you need is an active wamo business account to create a new sub-account.

  • Navigate to your Home dashboard

  • Click on the small icon next to your balance to bring up all your accounts

  • Create a new one by clicking " + " on the top right

  • Choose your desired currency of the sub-account and its display name (this is just an internal name for you to identify the account).

For business registered in the EEA or Switzerland, EUR (€) sub-accounts are provided with a Lithuanian (LT) IBAN. Whereas, GBP (£) sub-accounts are provided with a United Kingdom (GB) IBAN as well as a UK sort code and account number.

For business registered in the United Kingdom or Gibraltar, both EUR (€) and GBP (£) sub-accounts are provided with a United Kingdom (GB) IBAN, as well as a UK sort code and account number.

Is there any cost to opening a sub-account?

No, with a wamo business account it doesn’t cost anything to open a sub-account nor does it require any additional registration or paperwork.

How many sub-accounts can I have?

You can create as many sub-accounts as you need! If you require over 10 sub-accounts, please drop us a line in our support chat so we are aware and can avoid any potential issues with opening more.

Note that you will need to contact us if you wish to delete one of your sub accounts. This will only take a few moments, just drop us a line on our live chat or email us at support@wamo.io to do this after you have withdrawn the funds from the account.

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