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What are automated transactions?
What are automated transactions?

Streamlining your cash management and improving the efficiency of your fx is made easy with the use of automated transactions. See how!

Sabrina Maly avatar
Written by Sabrina Maly
Updated over a year ago

Automated transactions facilitate your cash management and make your payments and currency exchanges more efficient. With an amnis account, you have the flexibility to set up recurring transactions or trigger actions based on balance thresholds. This enables you to automatically convert incoming payments to your preferred currency or effortlessly execute salary payments through standing orders.



Recurring transactions

amnis allows you to easily configure automated transactions for recurring payments, currency exchanges, or payment requests on pre-defined intervals, such as the last day of each month.

Example: Recurring payment

Our user-friendly interface makes it easy to set up automated transactions that work similarly to traditional standing orders. At pre-defined intervals, such as weekly or monthly, amnis will automatically send the designated amount to one or more beneficiaries, making it ideal for salary or rental payments. By utilizing recurring payments, you can eliminate the risk of fat-finger errors and avoid payment delays, ensuring that your transactions are processed smoothly and efficiently.

Example: Recurring currency exchange

Are you frequently in need of foreign currencies to settle your invoices?

With our automation feature, you can easily set up recurring foreign exchange transactions to simplify the process. For example, amnis can automatically purchase 5,000 PLN for you each week, ensuring that you always have sufficient balance on your PLN account without needing to manually purchase the currency each time. This not only saves you time but also minimizes your currency fluctuation risk, making it a great solution for businesses dealing with multiple currencies.

Coming soon: Balance-based transactions

This automation rule allows you to automatically execute payments or currency exchanges as soon as a certain balance threshold is reached in your amnis currency accounts.

Example: Balance-based currency exchange

Automated currency transactions can be incredibly useful if you regularly receive customer payments in foreign currencies.

For instance, if your German company has clients in the US who settle their invoices in USD, you can easily receive payments in USD using your amnis business account. If you prefer not to hold onto the USD, you can set up a balance-based fx automation rule, which will automatically convert the USD into EUR as soon as your pre-determined threshold is reached, for example, leaving 2'000 USD on your account and exchanging the rest into EUR. This provides a convenient and efficient solution for managing foreign currencies, allowing you to focus on your core business without worrying about currency conversion.

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