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.
It is possible to have two separate businesses through 2 separate logins, but it means having access to 2 separate phone numbers, and registering with different details.
What you'll need in order to apply for another business account with us:
- A different mobile number
- A different email address
- A different home address
If you don't have a different address (e.g.if your business address is also your personal address), please get in touch with us and we'll be able to help.
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.
You can check the progress on our support for multiple businesses through one login on our public roadmap here.