Migration from Neat to Rapyd Business Account

Since Rapyd completed the acquisition of Neat in January 2022, our engineering and product teams have been working extensively on integrating our services with Rapyd’s offerings to bring you more value. We are excited to share that your Neat account will soon be integrated into the Rapyd platform by end of Q1 2023. 

It will now be called the Rapyd Business Account.

What you need to do:

When accessing  your new “Rapyd Business Account” for the first time, you will be asked to create a new Login/Password. Your access to the Neat Dashboard will no longer work by the 1st of March, 2023 or such other date we may communicate to you as part of this new development. 

What is new:

Pricing:

• Monthly minimum fee of 99 USD
• One of the advantages of transacting on the Rapyd platform is competitive pricing on FX rates and transaction fees

Incoming Transfers:

• All incoming transfers in the name of your company - “Neat” mnemonic no longer required
• No more automatic FX conversion on EUR, GBP incoming transfers 

Outgoing Transfers:

• Mass Payouts capability will be available soon
• Disburse money locally in selected countries via the Rapyd Global Payment Network 

Wallet / Rapyd PitStop:

• Receive money globally in any currency and see it in the consolidated balance in the currency of receipt
• All your payees info will be transferred to your new Rapyd Business Account
• Proof of Service
• Transaction history - downloadable file
• New payment instructions for your active GBP and EUR accounts 

Corporate Cards:

• Virtual HKD Card - (1 per account only, no new physical cards, USD cards TBD)
• More Card Spend Controls
• No cashback 
• No ATM withdrawals for old physical cards

Security:

• SMS MFA
• Authenticator App 
• Role Based Access control - (available roles, Admin, Basic and Editor)

Support:

- 24/7 email support 

What we are still working on:

• Outgoing Transfers
• Incoming Transfers
• Wallet / Rapyd PitStop
• Corporate Cards
• Security
• Support