Pardna vs Invoice It

Access super low cost short term borrowing and achieve your saving goals with close friends and family. The collaborative saving tradition known as pardna, handed down in the UK from the Windrush Generation, has been reborn within Pardna App! Whether you are saving up for that holiday, trip back home, or have an unexpected bill, Pardna App will help you to manage your finances. Save and lend with your close friends, family, church group or community - people you know and trust the most. We have engineered a secure platform for your pardna activities. HOW DOES IT WORK? Create and name your group, determine how much everyone will pool per month (the Hand) into the central pot, how many people and for how many months. The app will calculate the amount each person will take a turn to receive (the Draw) every per month. Invite people you know and trust to join your group and when all slots are filled, Pardna App will automatically activate the group. The first person to receive their Draw is getting a loan from the group. The last person top receive their Draw is achieving a saving goal. Everyone reaches their desired outcome with the help of the collective. FEATURES • Easily swap slots with group members  • Receive your Draw directly into your bank account • State-of-the-art secure encryption between Pardna App and your account • All group members identity checked in an instant for your piece of mind Pardna Limited is acting as an agent of TrueLayer, who is providing the regulated Account Information Service and is Authorised and Regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 and Electronic Money Regulations 2011 (Firm Reference Number: 901096)

Metro Bank has partnered with BankiFi to bring you ‘Invoice It’; an app-based financial management tool designed to help you get paid quickly and securely. It’s free and exclusive to Metro Bank Business Current Account* customers. Terms and conditions and eligibility criteria apply. How Invoice It works: We understand that, as a small business, your time is precious. Invoice It is available to help save you time on financial admin and chasing late payments, giving you more time for the important bits.  The Invoice It app allows sole-traders and small businesses (with a Metro Bank Business Current Account*) to send digital payment requests to customers - via SMS, Email, WhatsApp or QR codes - safely and securely. You can link your accounting package** to Invoice It. It works seamlessly between your bank account and accounting package, to help you spend less time on financial admin – it’s also available on the web. Invoice It enables you to send and manage payment requests. Metro Bank does not guarantee that invoices will be paid, as payment depends on your customer completing the transaction. Key benefits of Invoice It: Get paid in a secure and simple way via account-to-account payments It’s free for Metro Bank Business Current Account* customers Your customers don’t need to download the Invoice It app to pay you Invoice It automatically chases late payments for you. Key features of Invoice It: Sending invoices is simple and secure Get a real-time look at who owes you what Schedule late payment reminders and automate payment requests Connect accounting software – like Sage, Xero and Quickbooks – for easy reconciliation Create a simplified payment experience for your customers. Payment limits The maximum limit for a payment request without an invoice is £5,000, while payment requests with an invoice can be up to £250,000. The ‘Invoice It’ service is provided by BankiFi Technology Limited (‘BankiFi’). BankiFi is regulated by the Financial Conduct Authority under Financial Services Register number 926574 as a PSD Agent of Moneyhub Financial Technology Limited. Registered in England and Wales, number 1069677. Registered Office: Centurion House, 129 Deansgate, Manchester, M3 3WR. You need one of the following Metro Bank Business Current Accounts to be eligible for free access to Invoice It; Business Bank Account, Business Start-Up Account, Business Switcher Account, or a Commercial Current Account. ** Sage, Quickbooks and Xero are the only accounting software applications that can currently be connected to Invoice It. More software providers will be introduced in the future. Integration with accounting software requires a separate subscription with the relevant provider.