Right now, yes you do. We use Login with Facebook because it’s the quickest way for us to determine you are a real person, and not a bot or a fraudster or a FraudBot. Login with Facebook is also the fastest way for us to connect you with friends already using Plynk.
If you don’t have a Facebook account, don’t worry, we’ll have other ways to open an account soon.
Your money is in a ‘payment account’ (think of it as a bank account without an overdraft) that has an IBAN just like your bank’s current account. Your Plynk account can only be accessed by you through our app.
Not quite. In financial regulation lingo, your account with Plynk is known as a ‘payment account’. However, you can do plenty of handy things with a Plynk ‘payment account’ just like you would with a current account, such as sending money to other Plynk accounts, receiving money, and paying for things online with a Mastercard. We just can’t call it a bank account because we are not a regulated credit institution (ie. a bank).
To load money into your Plynk account, you’ll have to transfer money from your bank account into the IBAN for your Plynk account. It can take up to one business day for the money to come from your bank into Plynk, because banks do transfers in batches (called SEPA cycles) rather than whenever a customer transfers money. Some Irish banks only do these batches once a day, and only between Monday and Friday. So if you transfer money from your bank into Plynk on Saturday or Sunday, we (and you) won’t get it into Plynk until Monday.
We'll have the option to load money from your debit card very soon.
Not quite. A Plynk account is separate to your bank’s current account. This is what makes the transfers between Plynk accounts instant. You can top up your Plynk account by transferring money from your bank’s current account, or receiving money from friends.