ElloU was created to enable you the freedom to create as well as the financial one!
It’s a money management service, which includes a regulated bank account. It is designed to make creatives' lives simpler. To take away the hassles of money management and take away the fees. But it’s not just this. We’re thinking beyond!
Read this exciting blog from Michael Callas about his life journey and why he decided to become the Head of ElloU!
In a nutshell, ElloU offers three package options:
1. Free and easy: a free and easy service for those who just want to get paid with no stress and no
2. Side hustle: a service for those who have more money management needs. Maybe you want
to keep your work money separate from your money. Maybe you sometimes have
payments in other currencies. Maybe you want your spending to go a bit further with
3. Professional: if your passion is your full-time work, this is the service for you. Practically zero
fees on everything. Accounts in multiple currencies. Cashback on all spending. Great FX rates.
Read more about these membership levels here.
Who can open an ElloU account?
Right now you need to live and possess a passport or an ID card of one of the following countries to be able to set up an ElloU account:
Austria, Belgium, Czech Republic, Denmark, France, Finland, Germany, Italy, Netherlands, Norway, Poland, Romania, Slovakia, Spain, and Sweden.
- You live in Germany but own a Spanish passport/ID card > You can open an ElloU account :)
- You live in Romania and own a greek passport/Portuguese ID card > You can not open an ElloU account :(
Throughout 2022, ElloU will become more and more globally accessible, with the USA and UK being added next!
Can I use the ElloU bank account to get paid for non-jovoto payments?
Certainly. This is a normal bank account with an IBAN and can be used to receive other payments as well.
If ElloU applies for me, do I need to open an account to receive my payments?
Ultimately, yes. We aim to work exclusively with ElloU. The reason that we’re insisting on this is that through ElloU we’re optimizing our payment processes, increasing the efficiency of paying, and reducing any hassle and fees on your behalf.
- I’ve got questions about ElloU - who can help?
If you have technical questions about setting up your ElloU account, you can use the chat function in the ElloU app or email ElloU.firstname.lastname@example.org for further assistance.
What if ElloU does not apply to me?
If you’re not eligible for an ElloU account, your current payment option stays the same. Stay tuned for our updates on launching ElloU in more countries.
What about data protection?
ElloU manages the data and to ensure maximum security, personal data is encrypted within the system.
Where will my data sit (location)?
All data is processed within the EU.