Business Multisignature

What is multisignature?
This is a functionality enabling your company to sign transfers by multiple company members.  It is automatically added after a secondary member onboards.
Thu, 21 Jan, 2021 at 7:13 PM
What exchange rate does Aion use for transactions with a multisignature?
We use the current best exchange rate available at the moment of sending or receiving the transaction.
Thu, 21 Jan, 2021 at 7:13 PM
Business. Does Aion notify me when there are transfers that need approval?
Each person who needs to approve the transfer will receive a notification in the app.
Thu, 21 Jan, 2021 at 7:13 PM
How does multisignature work?
First of all, set up your multisignature limit in the application. (After your first login to the application, you will have a 50,000 EUR limit set by defau...
Thu, 21 Jan, 2021 at 7:13 PM
Where in the application can I see transfers waiting for my approval within the multisignature function?
It is visible at the main screen of the application. After the transfer is sent for acceptance you will find it in the PENDING section at the main screen.
Thu, 21 Jan, 2021 at 7:13 PM
Business. Is the representative function required for transfer approval?
No, representative function is not required for transfer approval. It is required for changing multisignature limits.
Mon, 15 Feb, 2021 at 4:52 PM
Is there a time limit when the transfer has to be accepted by another company member?
For standing orders and deferred transfers, the approval of other company member has to be done before the planned date of the transfer, otherwise it will b...
Thu, 21 Jan, 2021 at 7:13 PM
Which kind of transfers are covered by multisignature?
All types of transfers: SEPA, SWIFT, standing orders, deferred transfers, instant, as well as transfers between your accounts.
Thu, 21 Jan, 2021 at 7:13 PM
How can I disable the multisignature feature?
If you wish to disable this feature, go to person icon in the right corner of the screen -> select Settings -> Company Members (at the bottom of the s...
Thu, 21 Jan, 2021 at 7:13 PM
How to enable the multisignature feature in my company?
You need to have a Premium Membership with at least 2 company members, then multisignature will turn on automatically with a default limit of 50,000 EUR for...
Thu, 21 Jan, 2021 at 7:13 PM