Having been established in 2017 and formerly known as DynaPay, MultiPass is an international payment company with offices in Canada, Colombia, Cyprus, Egypt, India, Latvia, Malta, Moldova, the Philippines, Romania, the United Kingdom, and the USA. As part of DYNINNO Group, it has been servicing clients for more than 17 years.
Our previously published article has a full description of all main features and products. Recently, MultiPass announced a new service offer, which we will describe here.
MultiPass personal accounts for business owners and executives
This service is available in addition to corporate accounts. Main benefits of such personal accounts:
- A dedicated GB IBAN
- Local details in the US, UK, and EU
- SEPA, SWIFT, AHC
- Account-to-card transfers
- Live FX service for instant currency conversion
The most valuable feature of this new personal account is that the holders can manage personal finances in multiple currencies. MultiPass has developed a platform that allows customers to make it easier. As specified, the account can be used to:
- Receive salary and dividends
- Pay individuals overseas
- Manage personal expenses and bills
- Make and receive payments locally and abroad
- Collect social welfare payments
- Make capital investments
Personal account tariff
| Main fees | GBP | EUR |
| Account opening | 45 | 50 |
| Account maintenance, including personal manager support | 23 | 25 |
| IBAN issuance | Free | Free |
| Due diligence | Free | Free |
A negative rate of 1.5% per annum is applied to customer balances held in EUR, CHF, DKK, JPY if at the end of the month customer balance is over 100,000.00 EUR
| Payment fees | Currency | In | Out |
| SEPA | EUR | 1 EUR | 0,075% + 1 EUR |
| SWIFT | Multi-currency | 7 EUR | 0,075% + 35 EUR |
| ACH | USD | 1,25 EUR | 0,1% + 1,25 USD |
| Faster payments | GBP | 0,90 GBP | 0,075% + 0,90 GBP |
| Local payouts | Multi-currency | 1 EUR | 0,1% + 1 EUR |
| Additional service fees | GBP | EUR |
| Payment confirmation fee | 9 | 10 |
| Transfer cancellation fee | 105 | 120 |
| Investigation of the international transfer | 90 | 100 |
| Account closure fee | Free | Free |
| Contractual penalty for failing to provide documentation related to any debit or credit transfer within the deadline set by MultiPass | 90 | 100 |
Personal account opening
To apply for personal accounts online, customers can fill in a form in the MultiPass business account profile.
MultiPass Business account holders can apply for personal accounts for:
- EU/UK residents and resident permit holders, such as business owners, directors, and other company executives;
- Employees of MultiPass Business account holders.
Please contact us for any assistance with MultiPass account opening!
