The Plus Plan at Bancoli is designed for businesses that require more robust financial tools and services to support their expanding operations. Here's a detailed description of what the Plus Plan includes:
Plan Clost
- Minimum monthly average balance (USD or equivalent): $100,000
- Monthly fee (USD): Not applicable
Incoming Payment Benefits
- Local account details for various currencies: Utilize local account details for smooth international transactions. Supported currencies include USD, EUR, GBP, MXN, CAD, AUD, HKD, SGD, PLN, and CNY.
- Accept local payments and global (SWIFT) wire transfers: Efficiently handle local and international payments.
- Bancoli account details (Bancoli network payments): Access Bancoli's network for efficient payment processing.
- Create multiple bank accounts with the same currency: Better financial organization with multiple accounts in the same currency.
Outgoing Payment Benefits
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Local payouts in 25+ currencies to 40+ countries: Make local payments across multiple currencies and countries.
Supported currencies include USD, EUR, GBP, MXN, BRL, DKK, NOK, PLN, SEK, SGD, CAD, AUD, NZD, BDT, BGN, CNY, HKD, INR, IDR, JPY, KRW, MYR, PHP, PKR, THB, TRY, and ZAR. Learn more. -
Global (SWIFT) wire transfers in 50+ currencies to 200+ countries: Make payments globally in various currencies.
Supported currencies include USD, EUR, GBP, AUD, CAD, CHF, HKD, JPY, SGD, AED, BRL, CNY, CZK, DKK, HUF, IDR, ILS, INR, KRW, MXN, MYR, NOK, PLN, THB, TRY, ZAR, BGN, BHD, BWP, CLP, COP, CRC, DOP, EGP, GHS, HNL, KES, MAD, MGA, MUR, NGN, PEN, PHP, PKR, RON, RSD, SAR, TTD, TWD, TZS, UGX, and UYU. Learn more. - Virtual card issuance for card payments made globally: Coming soon.
- Payments to other Bancoli accounts (Bancoli network payments): Seamlessly transfer funds to other Bancoli accounts.
AI & Automation Benefits
- Smart tips to optimize AR and AP: Receive actionable insights to improve your Accounts Receivable (AR) and Accounts Payable (AP) processes.
- Automatic e-mail follow-ups for unpaid invoices: Automatically remind clients via email when their invoices are unpaid, reducing manual effort.
- Automatic SMS follow-ups for unpaid invoices (coming soon): Set up automatic SMS reminders for unpaid invoices, a feature that will be available soon to further streamline your payment processes.
- Recurring invoices (coming soon): Automate your recurring billing cycles, allowing you to set and forget invoice creation for repeat customers.
Invoicing Benefits
- Create, send, and track invoices at no cost: Easily manage invoicing without any added fees.
- Native integration with all Bancoli payment methods (local bank accounts, global card processing, etc.): Seamlessly integrate your invoicing with Bancoli's available payment options.
- Upload custom files (logos, XML, etc.) to your invoices: Personalize your invoices by adding custom files, such as logos or XML documents.
- Invoice scanning and import (coming soon): Scan and import invoices directly into the system, making the invoicing process even more efficient.
- Multi-currency invoicing: Issue invoices in multiple currencies, making it easier to do business globally.
- Invoice scheduling (coming soon): Schedule invoices in advance, automating the invoicing process based on preset dates for better organization and cash flow management.
Cash Flow Benefits
- Cash flow acceleration capabilities: Speed up your cash flow by leveraging tools designed to accelerate payments.
- Earn rewards or discounts on paid invoices: Gain rewards or discounts when invoices are paid.
- Use Bancoli Rewards Points to cover fees: Offset transaction fees by using Bancoli Rewards Points.
- Accept guaranteed invoices: Ensure timely payments with guaranteed invoices.
- Use guaranteed invoices for outgoing payments: Use the funds in your guaranteed invoices to make outgoing payments.
Account / Security
- 2-FA security and ID verification: Ensure the security of your account and transactions.
Cost of Payments
Incoming Payments on local bank rails (ACH, SEPA, Faster Payments, etc.) | Free |
Incoming Payments from other Bancoli businesses | Free |
Incoming Wire Transfers (SWIFT or Fedwire) | $6 |
Payouts on local bank rails (ACH, SEPA, Faster Payments, etc.) | $1.40 |
Outgoing Wires (including SWIFT) | $20 |
FX conversions with interbank rate to EUR, GBP, CHF, HKD, SGD, AUD, NZD, DKK, NOK, SEK, TRY, JPY, CNY | 0.30% |
FX conversions with interbank rate to MXN, INR, KRW, IDR, THB, PHP, MYR, AED, PLN, HUF, RON, CZK, BGN | 0.70% |
FX conversions with interbank rate to ILS, VND, ZAR, UGX, PKR | 0.80% |
FX conversions with interbank rate to EGP, SAR, CLP, COP, PEN, UYU, KES, MGA, NGN, BDT, BWP | 0.95% |
FX conversions with interbank rate to CRC, DOP, HNL, BRL (includes all FX and local fees) | 1.30% |
FX conversions with interbank rate to RSD, MAD, MUR, BHD, GHS, TTD, TWD, TZS | 1.70% |
*Please note that certain conditions may apply to free incoming payments.
Please see our pricing page for more information.