With the bulk payment function, you can create multiple SEPA transfers with just one click and authorise them with an SMS or device confirmation.
First, you need to form the list of payments. All the transactions sent for approval by your team members as well as transactions in draft status will be added to this list.
When at least 2 transactions match these rules, you will see a button ‘Review and Confirm’ on your main dashboard.
A bulk payment can contain a maximum amount of 200 transactions.
How to execute the payment in web version
Click on the "Review and Confirm" button and a screen will appear with all transactions offered to be paid.
Select the transactions from the list by ticking the box on the left - the final sum will be recounted accordingly. Fees will be calculated on the next step of bulk confirmation. Unselected transactions will be shown again if you re-start the process.
Every one of your payments have been checked with our Verification of Payee service. You will see a status icon on every payment - this is a status of your payment after the check. You can find more information about this service, statuses and what they mean here.
To change a wallet for a payment from the "Review and Confirm" screen, click on the wallet’s name and select the new wallet from a drop-down list or click on "Change wallet" button.You can send eligible payments from your bulk file instantly by turning on the "Send Instantly when possible" option before confirming the payment. If SEPA Instant isn’t supported by the recipient’s bank or the amount exceeds your Instant payment limits, those transfers will be sent as standard SEPA payments, which usually take 1–3 business days. Learn more about the SEPA Instant limits here
Scheduled payments included in the bulk will be processed automatically on their planned date.
To proceed with the payment, click on "Continue" and the usual approval process will start.
You will receive an SMS or a notification in your Finom app to confirm the payment.
The transfers of the bulk payment will be displayed individually on your dashboard.
How to execute the payment in your Finom app
Open the "Transactions" tab in your app. Click on the "Review and Confirm".
You will be redirected to a screen with all transactions offered to be issued. Click on "Select" if you would like to amend the transaction list.
If you want to change the wallet from which your transfers will be initiated, click on "Change wallet" and choose the wallet to proceed.
You can send eligible payments from your bulk file instantly by switching to the "As fast as possible" option in the "Expected arrival" menu before confirming the payment. If SEPA Instant isn’t supported by the recipient’s bank or the amount exceeds your Instant payment limits, those transfers will be sent as standard SEPA payments, which usually take 1–3 business days.
Learn more about the SEPA Instant limits here
Scheduled payments included in the bulk will be processed automatically on their planned date.
5. If you would like to proceed with the payment, click on "Continue (#)" and the usual approval process will start.
6. The transfers of the bulk payment will be displayed individually on your dashboard.