Personal vs business accounts — which do I need?
Moneybeat offers two account types:
Personal account
- For individual customers
- Requires KYC (Know Your Customer) verification
- Ideal for everyday banking, personal transfers, and receiving payments
Business account
- For registered companies and organisations
- Requires KYB (Know Your Business) verification
- Ideal for business payments, payroll, and supplier transfers
Not sure which to choose?
- If you are banking as an individual, choose a personal account.
- If you are representing a registered company, choose a business account.
You cannot use a personal account for business activity. If you need help choosing, contact us at support@moneybeat.eu.