Earn balance cashback on safeguarded accounts

Your safeguarded funds at amnis help you earn high interest on business accounts while your money remains protected to the highest standards. amnis is one of the few providers forwarding interest in foreign currency accounts, ensuring you receive balance cashback not only in your home currency.

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EARN high interest on business account balances with amnis

Annualized cashback rate (last month): 01/2024

EUR: 1.90%
USD: 2.64%
GBP: 2.43%
CZK: 3.55%
CHF: 0.00%

Why is amnis forwarding interest?

At amnis, we prioritize the security of your money. Your funds are held in segregated, safeguarded accounts with trusted institutions with high credit ratings, ensuring their protection at all times. As interest rates rise, amnis is now generating income from the money you entrust to us. We believe it’s only fair to pass on this interest on your business’ funds directly to you, adding an extra layer of value to our financial partnership.






How is interest calculated
on business accounts?

We forward interest every month based on the balances you hold in your amnis EUR, USD, GBP, and CZK accounts in the first 10 days of the next month. Interest is calculated according to the act/360 interest method. The balance cashback rate is variable and updated monthly on this web page (retrospectively). Please note that we reserve the right to change the rate or discontinue balance cashback payments at any time. There is no minimum amount or limit; therefore, we forward interest for the full amount in your amnis account.

Your account’s security is our priority

Safeguarded
client funds
FMA
supervised
Multi-protection
account security
Best practice
system & threat defense

Annualized cashback rate: 01/2024

For eligible balances held in amnis accounts:

  • EUR: 1.90%
  • USD: 2.64%
  • GBP: 2.43%
  • CZK: 3.55%
  • CHF: 0.00%

 

Elevate your finances today

For your peace of mind, amnis not only ensures the security of your funds but also forwards high interest on business accounts. If you have any further questions about our regulations or documentation, our team of experts is here to help!

Good to know

Which balances are eligible for interest cashback?

You’ll receive cashback for any funds with a positive balance in EUR, USD, GBP, and CZK held in your amnis account. Client relationships with a negative balance in any currency are not entitled to receive balance cashback from interest.

For which currencies and accounts is the balance cashback granted?

amnis customers receive cashback for any funds with a positive balance in EUR, USD, GBP, and CZK held in their amnis account. No interest will be passed on in any other currencies. Client relationships with a negative balance in any currency are not entitled to receive balance cashback from interest.

Who receives the amnis balance cashback from interest?

We forward interest for both business and private accounts held at AMNIS Europe AG. The cashback is applicable for any funds with a positive balance in EUR, USD, GBP, and CZK. We do not pass on interest for declined or closed accounts, client relationships with a negative balance in any currency, if you have opted out of the program or breached the customer agreement contract.

All amnis customers are automatically forwarded interest on business accounts as well as private accounts.

How is interest cashback calculated on business accounts?

Our partner banks use the ECB day count (act/360) to calculate the interest. We calculate your account balance at the end of each day and multiply this amount by the proportion of the applicable interest rate per year that applies to the day in question (based on the act/360-day interest method). All the values for the individual days are then added together and the total amount is transferred on a monthly basis to your account balances.

When and in which time intervals is the interest cashback credited to the account balance?

On the first working day at the beginning of the new month, the values of the individual days are added together to calculate the total amount of cashback. This amount is then transferred to your account balance on a monthly basis within the first 10 days of the following month.

At which institutions are my funds secured in bankruptcy-protected trust accounts?

As a regulated payment institution, we secure customer funds at all times in bankruptcy-protected trust accounts at institutions with a high credit rating (minimum Standard & Poors rating of “A”).

What distinguishes amnis balance cashback from traditional interest rates offered by some banks?

With amnis, there are no limits – neither blocking periods nor maximum amounts. The money is available to customers in their payment account at any time. Interest is paid on balances in EUR, USD, GBP and CZK. At banks, companies often receive little or no interest on current or business accounts.

Moreover, most banks do not pay interest on foreign currency accounts. With our solution, we therefore enable companies not only to save transaction costs, but also to earn interest on their balances.

Do I need to pay taxes on the balance cashback?

AMNIS Europe AG operates within the tax jurisdiction of Liechtenstein, where cashback is not subject to withholding tax.

However, while this cashback is not subject to withholding tax in Liechtenstein, it is advisable to seek independent advice or consult with the tax authority of your own country of residence regarding your tax status. Additionally, we are working on creating a tax statement to assist with your tax reporting, if applicable.

How can I opt out of receiving balance cashback?

All amnis customers are automatically forwarded interest on business accounts as well as private accounts. If you wish to opt out, you can do so at any time on a business-partner level. Simply contact your account manager via email or telephone to make the necessary changes.

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