Memo Bank

Memo Bank is a French bank, incorporated as Memo Bank SA and based on the Champs-Élysées in Paris, that serves registered companies with heavy payment flows. It is a credit institution supervised by the ACPR and authorised by the European Central Bank, with SIREN 829226760 and LEI 969500151TTK0D1U6N42.

Product The core product is a business current account built for automation. Payments can be initiated by API or by file, and reconciliation is automated. The bank documents its API in a public help centre. Account holders receive an IBAN with a French prefix.

Payment channels Supported channels are SEPA Credit Transfer, SEPA Instant, SEPA Direct Debit, TARGET2 and SWIFT. Opening takes from one day to a week depending on how complete the file is, and approval is required.

Who is excluded Memo Bank does not offer chequebooks, or cash and cheque deposits. Sole traders, micro-enterprises, associations and income-tax companies are excluded, as are certain sectors including tobacco, cannabis, fur and sexual services. Eligible company countries include France and Luxembourg.

Onboarding Applicants provide a recent Kbis or INPI extract, signed articles and financial documents such as a business forecast and previous bank statements.

Who it suits It suits established French corporates with high transaction volumes that value programmatic payments over branch services.