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.
Receive and pay out in 24 currencies, with expansion in the pipeline
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 provided at master account level or via separate physical account in all currencies
Available Currencies: 24
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