Our virtual account solution (also known as virtual IBAN) gives Payments businesses a crucial competitive edge by enabling you to offer international business bank accounts to your own customers.
Virtual accounts unlock access to new territories and currencies – your customers can make and receive payments to unique addressable IBANs in multiple jurisdictional formats via local and cross border payment rails.
Currencies
Receive and pay out in 24 currencies, with expansion in the pipeline
Formats
Available in DE (Germany), DK (Denmark), GB (UK) and LU (Luxembourg)
Simple & Flexible
Simple and flexible integration options – choose to connect via API, Client Portal or SWIFT
Safeguarding
Safeguarding provided at master account level or via separate physical account in all currencies
Available Currencies: 24
AED - Emirati Dirham
AUD - Australian Dollar
CAD - Canadian Dollar
CHF - Swiss Franc
CHN - Chinese Yuan
CZK - Czech Koruna
DKK - Danish Kroner
EUR - Euro
GBP - British Pound
HKD - Hong Kong Dollar
HUF - Hungarian Forint
ILS - Israeli Shekel
JPY - Japanese Yen
MXN - Mexican Peso
NOK - Norwegian Krone
NZD - New Zealand Dollar
PLN - Polish Zloty
RON - Romanian New Leu
SAR - Saudi Arabian Riyal
SEK - Swedish Krona
SGD - Singapore Dollar
TRY - Turkish Lira
USD - US Dollar
ZAR - South African Rand
Key benefits of virtual accounts:
- Highly competitive pricing for accounts and transactions
- Fast account setup
- Unlimited provision of virtual IBAN accounts
- Look and feel of having a banking presence
- Instant and accurate reconciliation
- Clear segregation of funds and full transparency, reducing AML and KYC risk