An e-money account is a secure, flexible alternative to a traditional bank account offering innovative features and easier account management. Faster to open than a traditional business bank account, e-money accounts store your money in electronic form which can then be used to transact and make payments to and from bank accounts and other e-money accounts. Like bank accounts, SumUp's business accounts have an account number, sort code and a prepaid Mastercard you can use to withdraw cash at ATMs. And to guarantee your funds are protected, your money is kept in a safeguarding account which is entirely separate to SumUp's own bank accounts.