Banking Circle® Virtual IBAN gives businesses a crucial competitive edge to enhance their service proposition by providing them with access to international business bank accounts. By joining the Banking Circle, businesses can issue multi-currency IBAN accounts for customers in their own name and in multiple jurisdictions.

VIRTUAL IBAN BENEFITS FOR BUSINESSES

Building on the already successful Banking Circle platform, Banking Circle Virtual IBAN delivers full transparency and faster settlement, enabling businesses to offer a full transactional service to their customers.

Key benefits include:

  • Fast account set up
  • Local clearing capability plus cross border payments through the SWIFT network
  • Ability to leverage the Banking Circle network to make and receive payments instantly
  • Payments and FX API connectivity
  • Access to an award-winning FX platform via web, tablet and mobile
  • Same day settlement for SEPA payments

By giving customers their own virtual bank accounts with IBANs, Banking Circle provides businesses a number of additional advantages:

  • No need for multiple banking relationships – Banking Circle Virtual IBAN accounts provide a multi-currency, multi-jurisdictional solution
  • Improved payments acceptance, settlement times and reconciliation because payments are made in the name of the Virtual IBAN account holder
  • Reduced AML and KYC risk as a result of end to end transparency and clear segregation of funds

How it works

Banking Circle’s Virtual IBAN solution helps Financial Tech businesses to deliver multi-currency accounts to their customers, increasing the ease, speed, and clarity of payments.

Related Testimonials

Other Solutions

Cross border payments

Banking Circle provides a faster and more cost-effective way for businesses to make and receive cross border B2B payments.

Learn more arrow_forward

Real-time FX trading platform

Trade foreign exchange more efficiently and make international payments on behalf of your clients with the Banking Circle Real-time FX trading platform.

Learn more arrow_forward

Open API

Streamline payments and FX processes with the Banking Circle Open API. Secure and simple integration.

Learn more arrow_forward

Get in touch

Email us at info@bankingcircle.com and one of our team will be in touch shortly.