Accounts for companies that don't operate in one currency
Multi-currency accounts, international payments and currency exchange — with the onboarding and record-keeping a company actually needs.
Company onboarding
Verification built for businesses rather than a personal flow with extra fields bolted on. Company information and documents are submitted once and reviewed as a set.
Multi-currency accounts
Hold and receive in over 30 currencies under one company account, so invoicing a customer abroad does not mean opening an account somewhere else.
Supplier and staff payments
Keep a shared record of everyone the company pays. The details each destination requires are validated before submission, so a payment run does not stall on one bad field.
Currency exchange
Convert between the currencies the company holds at a rate quoted up front, with every conversion recorded against the account for later reference.
Direct debit oversight
See every collection taken against the company account, reject anything unexpected, and request refunds where you are entitled to them.
Records built for reconciliation
Full transaction history with per-transaction detail and status, so finance can match what left the account against what was supposed to.
Pay from an existing bank
Fund payments directly from a bank account the company already holds through open banking, and track them to completion.
Support with a paper trail
Raise a ticket from the dashboard and keep the whole thread in one place, with a reference number, rather than scattered across inboxes.
Referral programme
Coming soonIntroduce other businesses to FavBank and earn as they join. You will be able to share an invite, see who has signed up, and track what you have earned — all from the dashboard.
Open a business account
Company verification is completed before the account can transact.