Optimize your real estate company's cash management
Keeping your real estate company’s cash in a checking account means you're forgoing yield, effectively creating a significant opportunity cost for your business. With Spiko, you can reclaim that interest!
Earn daily interest — no lock-in
Spiko offer a yield-generating alternative to current accounts and a more flexible option compared to term deposits that lock up your cash for months.
Find out the cost of your idle cash
Every day your money sits idle, it’s working for someone else.
Get started with Spiko.
Try Spiko in just a few clicks without commitment.
Create your Spiko account.
Open a Spiko account in just a few clicks from our web platform: enter your details, secure your account with two-factor authentication, verify your identity with your phone, and you're ready to earn!
Deposit your cash anytime you like.
Make a deposit by bank transfer to the custodian bank, one of the largest in the world.
Every day, your deposit earns interest.
Your cash is growing daily through earned interest. The interest is automatically reinvested, with no action needed from you.
Withdraw your cash at any time, with no fees.
Withdraw all or part of your funds, including interest, with no notice or fees. Withdrawals are processed daily, and your cash will arrive in your current account the same day (if requested before 12:25 PM CET on a business day) or by the next business day.
Your security is our priority
Your cash is backed by the strongest banks in the world. Plus, it is securely held by one of the world's largest custodian banks, a subsidiary of the Crédit Agricole group. Your cash is never held by Spiko.
FAQ
What are the risks and how are my funds protected?
Your funds are backed by a Tier 1 bank and are at risk only in the unlikely event of its default. In such a case, your funds remain protected by the portfolio of securities wholly owned by Spiko's funds, which would be promptly liquidated to minimize any potential losses. In the event of residual losses following the liquidation of the securities portfolio, Spiko Euro would hold a senior claim on the bank.
Will it be straightforward for my accountant to handle?
The accounting and tax treatment of money market funds is similar to that of term deposits. Your accountant will be well-versed in handling the bookkeeping entries for short-term cash investments. The Spiko platform also allows you to easily generate and download accounting statements in PDF or CSV format for any selected period. Additionally, you can grant your accountant read-only access to the interface.
Can I integrate my Spiko account with accounting and financial management software like Pennylane?
Yes! Spiko is integrated with an account aggregator used by many platforms such as Pennylane, allowing you to track your Spiko balance and movements alongside your bank accounts.
How would I access my funds if Spiko goes bankrupt?
First and foremost, you have no financial exposure to Spiko’s insolvency, as your funds are never on Spiko’s balance sheet. When you deposit funds, they are transferred directly from your checking account to the depositary bank. Likewise, withdrawals are sent straight from the depositary bank to your designated bank account. The account must be in your name, as Spiko cannot be used as a payment method.
That said, Spiko’s insolvency could affect you operationally, as the platform might no longer be available for placing withdrawal orders, for example. Fortunately, Spiko’s products are regulated and supervised by the French Financial Markets Authority (AMF), and their operation does not depend on the distributor. In practice, you can always place your withdrawal orders through the management company by phone or email.
What is the tax treatment for Spiko products?
In France, both realized gains (withdrawn interest) and unrealized gains (accrued but undrawn interest) are subject to corporate tax.
How long does a withdrawal take?
Business transfers are instant for amounts up to €100,000 per day
Withdrawals for individuals and amounts over €100,000 are processed every business day at 12:25 PM CET. If you request a withdrawal before 12:25 PM on a business day, your funds will be credited to your checking account on the same day. Requests made after 12:25 PM or on non-business days will be processed on the next business day. There are no withdrawal limits.
What are the fees for using Spiko Euro?
The only fee for using Spiko Euro is an annual management fee of 0.23% on your deposited funds, calculated daily on a prorated basis. The interest displayed on our website or in our app is always shown net of fees. There are no fees for maintaining a Spiko account, and deposits and withdrawals are free of any transaction charges. Last but not least, there are no custody fees.