Let Your Money Work for You

A valid SumUp Business account in order to apply for a Wealth account. Before your Wealth account can be opened, our partner, Atomic Brokerage, offering the products and services in the SumUp Wealth account will need to verify your identity by completing their own KYC checks.

Before we can open your SumUp Business Account, we first need to verify your identity. All you’ll need to do is upload a photo of an ID document, such as a valid driving license or passport.

We may also ask you to provide a utility bill or bank statement too, as a means of verifying your address.

SumUp is a leading financial services provider and an authorized electronic money institution. This enables us to issue secure e-money accounts with our partner bank, account numbers, routing numbers, and a free SumUp Mastercard® Debit Card* for your small business.

*SumUp is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC.

Not yet, but in the future we hope to provide integration with 3rd party banks through Plaid.

Yes, products and services in the SumUp Wealth account are offered by our partner Atomic Brokerage, a registered broker-dealer. Atomic Brokerage will require their own KYC checks but it should require minimal additional information input to open an account. We use the information collected during SumUp onboarding to make the experience as seamless as possible.

No, investment products and services are offered by our partner Atomic Brokerage, a registered broker-dealer.

Atomic Brokerage is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org. Cash swept into the Atomic Cash Sweep Program is FDIC insured (subject to coverage limits and eligibility requirements). You are able to have up to $2,500,000 ($250,000 per depositor, per insured bank for each account) FDIC insurance for deposits in your Atomic Brokerage account when those deposits are swept to all Program Banks in the Atomic Cash Sweep Program. Cash balances maintained at each program bank are FDIC insured but are not protected by SIPC.Brokerage accounts are not FDIC-insured. Neither Atomic Brokerage, nor any of its affiliates, is a bank.

*You should not expect cash deposited in an Atomic Brokerage account used solely for the purpose of accessing the Atomic Cash Sweep Program to be protected by SIPC or FDIC insurance, and cash is only protected by FDIC insurance (subject to coverage limits and eligibility requirements) once deposited by Atomic Brokerage in the unaffiliated bank deposit accounts.

SumUp has an engagement with Atomic Brokerage LLC (“Atomic Brokerage”), a registered broker-dealer and member of FINRA/SIPC, to bring you the opportunity to open a brokerage account (“Wealth account”). Brokerage services for customers of SumUp are provided by Atomic Brokerage. For more information about Atomic Brokerage, see their Form CRS, General Disclosures, Privacy Policy and fee schedule. Check the background and custodial/clearing services of Atomic Brokerage on FINRA’s BrokerCheck.

Neither Atomic Brokerage, nor any of its affiliates, is a bank. Investments in securities are Not FDIC insured, Not Bank Guaranteed, and May Lose Value. Investing involves risk, including the possible loss of principal. Before investing, consider your investment objectives and applicable fees and expenses.

The Atomic Cash Sweep Program (“Cash Sweep”) is a product offered by Atomic Brokerage that allows clients to earn interest on the available cash in their Atomic Brokerage account. Through Cash Sweep, clients' funds are deposited into an interest-bearing deposit account at one or more program banks, where the funds earn a variable interest rate and are eligible for FDIC insurance coverage. Cash balances maintained in the deposit accounts at each program bank are FDIC insured but are not protected by SIPC. You should not expect cash deposited in an Atomic Brokerage account solely for the purpose of accessing the Cash Sweep to be protected by SIPC or FDIC insurance, and cash is only protected by FDIC insurance (subject to coverage limits and eligibility requirements) once deposited by Atomic in the unaffiliated bank deposit accounts. If you prefer your cash to be invested in a Money Market Fund eligible for SIPC coverage, you must send an email to [email protected] to discuss your options. For more information about SIPC coverage, visit www.sipc.org. For more information about FDIC insurance, visit www.FDIC.gov. For more details about Cash Sweep, see the full Atomic Brokerage LLC Cash Sweep Program Terms & Conditions.

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