This is something we're looking at and we have a workaround for now.

It’s becoming increasingly common for freelancers and self-employed people to have more than one line of business. 

Although we don’t currently offer multiple business accounts for one user, our goal is for Coconut to support people that want to switch between their businesses within the app from a single login.

Having more than one business account with Coconut would make transactions between accounts a smoother and quicker process, giving you better control and visibility across your businesses finances and allow you to view all your related accounts in one place.

Workaround: If you have a mobile number for each business

Coconut accounts are currently linked directly to customer mobile numbers so you can have one business account for each.

If you have e.g. two businesses that each require a separate account, along with two phones+numbers, we can help while we're working on a more comprehensive solution.

You'll need to let our Support team know via chat or email when you're looking to open a second account using this workaround. We'll need to make some tweaks but it's quite straightforward and the team will walk you through the process.

Progress so far

We’ve been working with our banking partner, PPS, towards supporting multiple business accounts for one user with the aim to allow you to open another account for a different business within the same login.

This would allow you to register each account with Coconut, to the same smartphone device and app.

We have a few more changes to make to support this, so bear with us.

What's next

You can check the progress on our support for multiple businesses through one login on our public roadmap here.

In the meantime, it is possible to have two separate businesses through 2 separate logins, but it means having access to 2 separate phones/phone numbers.

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