How does multisignature work?

Created by Aion Bank, Modified on Thu, 21 Jan, 2021 at 7:13 PM by Aion Bank

First of all, set up your multisignature limit in the application. (After your first login to the application, you will have a 50,000 EUR limit set by default)

Once the limit is set in the app there are two options: 

1) Sending the transfer below your multisignature limit
In this case no approval is needed. Your transfer will be executed directly after your request.

2) Sending the transfer above your multisignature limit 
In this case an approval of one other company member is needed. Prepare the payment, sign it and a notification will be sent to other company members in order to accept it. After the second person signs the transfer, it will be executed. If the company has more than two members, approval of only one additional person is necessary.

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