Our partner banks use the ECB day count (act/360) to calculate the interest. We calculate your account balance at the end of each day and multiply this amount by the proportion of the applicable interest rate per year that applies to the day in question (based on the act/360-day interest method). All the values for the individual days are then added together and the total amount is transferred on a monthly basis to your account.
Click here for the current cashback rates.
amnis enables companies to generate interest income from various currencies. As a regulated payment institution, we safeguard customer funds at all times in segregated bankruptcy-protected fiduciary accounts at trusted institutions with high credit ratings.
As interest rates rise, amnis is generating income from the money you entrust to us. We believe it’s only fair to forward this interest on your business’ funds directly to you as our valued customer and partner. It is therefore a balance cashback benefit.
Balance cashback means that anyone who has an amnis account, has not opted out of the program, has not breached the customer agreement contract, and who has a positive balance, receives interest on their EUR, USD, GBP and CZK account balance.