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How to open a business account

This guide follows the business opening flow in the MoneyBeat app.

Go to https://app.moneybeat.eu and choose Business at account type.

Part 1: Sign up (same as personal)

  1. Choose account type: Business
  2. Choose plan: Standard, Premium, or Custom
  3. Create login details: email, phone, country of residence, password
  4. Review and accept terms: plan summary, Terms and Privacy (required), marketing optional

Part 2: Account activation (6 steps in the app)

Onboarding step 1: Opening fee payment

Pay by card or Google Pay. Fee, VAT, and total are shown. Opening fee refunded if KYB is rejected.

Onboarding step 2: Company information (Step 2 of 6)

Enter data exactly as on your official tax or trade-registry record:

  • Legal company name and tax identification number (TIN)
  • Business activity and date of incorporation
  • Registered office: street, number, postal code, city, country
  • Financial profile: annual income level, own resources (capital), sales level (turnover)

Tap Submit company for verification.

Onboarding step 3: Directors and owners (Step 3 of 6)

Add legal representatives and beneficial owners (25%+). For each person enter:

  • Personal information and PEP status
  • Identity document details (type, number, country)
  • Professional activity and residence address (typed in the form)
  • Role: legal representative and/or shareholder / UBO
  • Ownership percentage
  • Whether they are authorized to operate the IBAN

Tap Submit representatives for verification.

Onboarding step 4: Phone verification (Step 4 of 6)

Confirm the company phone with an SMS code sent to the legal representative.

Onboarding step 5: Company documents and signing (Step 5 of 6)

Three sections appear:

Owners and representatives

  • The legal representative who operates the IBAN must complete video identity verification and sign the tax residence declaration (SMS code) if applicable.
  • Shareholders / UBOs who do not operate the account upload a clear identity document (passport or ID, both sides).
  • Power of attorney / signing authority document if required.

Company documents (upload in app)

  • Articles of incorporation
  • Tax identification certificate
  • Deed of current administrative body

Optional documents may be requested in the Other documents dropdown (source of funds, registry extracts, and similar).

Sign company documents

The legal representative signs electronically (SMS code):

  • PEP declaration
  • Beneficial ownership certificate (titularidad real)

Non-Spanish representatives may also sign a tax residence and data declaration (ANR).

Status shows Waiting for all documents and people to be verified until complete.

Onboarding step 6: Activate your IBAN (Step 6 of 6)

Tap Continue for secure contract signing. After signing and SEFIDE provider consent, your IBAN is ready.

Part 3: SEFIDE consent

Approve access to user data, account access, and payment orders. Sign the electronic money account contract via SMS code.

Part 4: Ready to use

Your business dashboard opens with Home, Wallet, and Transactions.

Questions: support@moneybeat.eu or compliance@moneybeat.eu.