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.


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.

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Get in touch

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