Creating sub accounts

How to get another IBAN by creating multiple sub accounts at no extra cost

Kate avatar
Written by Kate
Updated over a week ago

Create additional sub-accounts, each with their own unique account details.

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, EUR (€) sub-accounts are provided with a Dutch (NL) IBAN. Whereas, GBP (£) sub-accounts are provided with a UK sort code and account number.

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

Is there any cost to opening another 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 This will only take a few moments, just drop us a line on our live chat or email us at to do this after you have withdrawn the funds from the account.

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