FAQs

Your questions answered

It’s our regulated business account that lets you manage incoming payments, spending and transfers in one place, with a dedicated IBAN and instant access to the money you receive from card payments. myPOS is a licensed Electronic Money Institution authorised by the Central Bank of Ireland.

Your funds are safeguarded, meaning they are held securely with regulated European banks and kept separate from myPOS’s own money. They are never used for lending or investment.

Funds are credited to your account within seconds, 24/7, including weekends and public holidays. This gives you immediate access to your money, so you can manage cash flow and everyday expenses without delay.

Apply online and get started in minutes. The exact time depends on your business type and how quickly you provide the required documents for verification.

Yes. You can send transfers through the SWIFT network and manage multiple currencies from your account.

Yes. myPOS is a regulated Electronic Money Institution. Your funds are held in safeguarded accounts, separate from myPOS’s own funds.

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