Neno provides a business payment account powered by a licensed European e-money institution regulated by the ACPR (French Prudential Supervision and Resolution Authority). Your account comes with a Dutch (NL) IBAN and supports SEPA Credit Transfers, SEPA Instant Transfers, international transfers, SEPA Direct Debits, and card payments.
While it functions like a traditional business bank account, it is technically an e-money account. Your funds are safeguarded in accordance with European e-money regulations, meaning they are held separately from operational funds.