Banking in dobby
More insight, more transparency, lower costs
With Swan's embedded banking module, you can now monitor your owners’ associations’ IBAN accounts in dobby, making financial management easier than ever. The new functionality enables your administrator to create IBAN accounts for owners’ associations, offering you greater insight and transparency at a lower cost.
From now on, you can check your owners’ associations' accounts quickly and easily in dobby.
>> Read more about Swan, the financial institution that Dobby works with.
View your building's accounts anytime, anywhere
Keeping an eye on things has never been easier. Owners’ associations whose administrators use dobby's banking module have continuous insight into their working and reserve capital, ensuring extra peace of mind.
An overview of the benefits:
Increased insight | An IBAN account in dobby gives you insight into your owners’ association's financial situation anytime, anywhere.
More transparency | The auditor can easily review the bookkeeping and accounts and monitor all transactions in real time.
Lower costs | Many banks charge hundreds of euros to use a bank account, but not Swan. An IBAN account costs just €78; together, the two accounts for your owners’ association’s working and reserve capital only cost €156 per year, saving you significant money on bank fees.
Secure banking | Banking in dobby is powered by Swan and satisfies all applicable EU standards and deposit guarantees.
Frequently asked questions about banking in dobby
Is dobby becoming a bank?
Far from it. dobby is not becoming a bank but is collaborating with Swan, a regulated financial institution. The integration of Swan's ‘banking as a service’ functionality will quickly put you ahead of fellow administrators, as you will be able to manage accounts directly from your management software.
Who or what is Swan?
Swan is a European fintech company that provides embedded banking services for more than 150 companies, including Visma Group, Ageras and Payflow. Swan provides white-label accounts, cards and payment services, processing over €2 billion per month in 30 different countries. Read more about Swan.
Are the necessary licenses and guarantees in place to offer this service?
Swan is headquartered in France and licensed by the French regulator, ACPR. Swan operates in Belgium through a local office in Brussels, in accordance with the European rules on freedom of establishment. The Belgian branch is supervised by the National Bank of Belgium (NBB), while Swan is primarily supervised by the French ACPR under license number 17328. Among other things, this means that they also offer a deposit guarantee of €100,000 per owners’ association.
What about legal certainty?
Swan offers full legal protection, equivalent to what you receive at any traditional Belgian bank. Each account is covered by the deposit guarantee of up to €100,000.
The accounts are registered in the name of the owners’ association, not the administrator, keeping everything legally correct and completely transparent.
Do I need Codabox or Isabel in addition to banking in dobby?
No. The accounts you start through dobby can be managed through banking in dobby. You no longer have to wait a day to see transaction processing in your owners’ association account. This applies to all incoming and outgoing transactions.
Do I need to use another bank in addition to banking in dobby?
No. For each new or existing building dossier, you can create the necessary accounts and activate the associated management in dobby. You no longer need to use another bank to open a new account.
How is dobby able to accelerate the turnaround time and reduce startup costs so dramatically when opening an account?
Swan, the financial institution we work with, provides exclusively digital services and has increased the efficiency of the account creation process, making it up to 10 times faster than traditional banking.
Can I transfer an existing account into Swan?
No, you cannot transfer existing accounts from another bank into Swan. However, you can replace existing accounts with a Swan account. You can then close the old account.
Can I transfer an existing Swan account into Swan?
Yes, previous transactions on Swan accounts can be retrieved effortlessly in dobby, getting you off to a flying start with a new dossier with existing Swan accounts.
What does dobby banking with Swan cost?
An IBAN account with Swan costs €78 per year, so the two standard accounts (one for working capital and one for reserve capital) only cost €156 per year.
Can I process all transactions in dobby?
Yes, all transactions for each account can be managed in dobby just as you are used to.