What is Memo Bank?
Memo Bank operates as an API-first banking institution authorized by the European Central Bank, designed specifically for businesses with intensive transactional needs. It offers a comprehensive suite of banking services including current accounts, monetary funds, special accounts, and term deposits to optimize treasury management. The platform enables seamless payment processing through SEPA direct debits, SEPA transfers, SWIFT international transfers, and corporate cards, all integrated via modern banking APIs.
With features like virtual IBANs for fund segmentation, anti-fraud solutions, and real-time transaction notifications, Memo Bank helps businesses automate financial operations, accelerate bank reconciliations, and manage fiduciary activities. The bank provides dedicated account managers and expert support to assist with financing needs such as overdrafts, medium to long-term credit, and capital increases, making it a complete financial partner for growing enterprises.
Features
- API Banking: Premium API for automating payment and collection chains from ERP, TMS, or back-office tools
- Real-time Payments: Execute SEPA transfers in 10 seconds and verify IBANs in 500ms for secure transactions
- Virtual IBANs: Create virtual IBANs in 1 second to segment and manage funds for different activities or third parties
- Treasury Management: Optimize cash flow with current accounts, monetary funds, special accounts, and term deposits
- Anti-fraud Solutions: Advanced security measures to protect transactions and reduce operational risks
- Financial Integration: Connect with systems via EBICS, API DSP2, and jedeclare.com for streamlined accounting
Use Cases
- Accelerating bank reconciliations for high-volume transactions
- Managing and segregating funds held on behalf of third parties
- Optimizing treasury management for short, medium, or long-term cash flow
- Automating supplier payments in real-time without friction
- Managing team expenses through corporate cards and payment solutions
- Handling fiduciary banking activities for financial intermediaries
- Scaling payment operations without extensive IT investments
- Reducing bank fees through predictable subscription pricing
