Hardly anyone has just one account today. Personal and business accounts, savings, maybe a separate account per project or property. Checking each one individually costs time and nerves. Multibanking solves this by bringing all accounts into one place.
The problem with many accounts
Several accounts mean several logins, several apps, several overviews - and no shared view. A missing payment on account B doesn't stand out when you're looking at account A. Yet for cash-flow monitoring a shared view is decisive.
How multibanking works
Via open banking, accounts from different banks can be connected securely - with your consent and usually read-only. How that access works technically is explained in PSD2 and open banking explained simply. After that, all movements come together in one overview.
More than just an overview
With all accounts connected, you can analyse across them: BankPilot recognises recurring payments across accounts and monitors expected payments - no matter which account they should land in. Pure visibility turns into active control.
Who benefits
Freelancers and small businesses that separate business from personal benefit especially, as does anyone running accounts per purpose. Common questions about connecting are answered in the FAQ.