Starting February 2024, Paynode has a transactional fee structure for outgoing third party SWIFT and Wire payments. Since transactions to your own account aren't impacted by any fees, you can add your own bank account(s) at the My External Accounts section.
You'll find My External Accounts at Company > Settings > My External Accounts. Also to be found here. The accounts found in the drop-down list is accounts that has been added as beneficiary, if you can't find your account in the drop-down, you can add it by clicking Manage Balances or click here.
If you want to learn more about managing your beneficiaries, you can read our academy article: Add or Set up a Beneficiary to Pay
To avoid costs for payments to your own bank account(s) you have the option to add one bank account for each currency. Transactions to accounts that are added to My External Accounts will be free of charge.
Note that the bank account added to My External Accounts should be registered to the same legal entity as your approved bank account during your initial KYB application.
To access My External Accounts you'll need to have full Finance permissions, please contact your company Avinode admin if you lack the right permissions.
NB. in some cases we were able to pre-fill your bank details based on the information given in your registration process, please make sure this is the correct account for your internal transfers. If your account details need to be updated, you can search and select from the accounts in the Account field. If you need to update your current account details, click Manage Beneficiaries located at the top of the My External Accounts page and you'll be directed to the Account Console.
You can read more about your fees when using Paynode accessing this page: Paynode Fees
And accessing your own Paynode fee schedule here: Paynode Fees Schedule