Virtual IBANs let you assign a unique account identifier to every customer, supplier or payment flow – so incoming funds reconcile automatically, at any volume.
Built on BCB Group’s regulated payment infrastructure, they simplify international collections and give your treasury team a clearer view of money coming in.
Virtual IBANS, fully supported by BCB Group infrastructure, are an important enhancement to the IBAN identifiers used in traditional fiat account payments.
Our payment accounts can now be partitioned into any number of sub-accounts that you can label with your clients’ names, identified individually by virtual IBANs, which roll up to your account’s main IBAN.
Reduce Risk
Compliance and anti-money laundering challenges are reduced, through clear segregation and improved transparency of funds.
Cut Costs
Our vIBANs cut costs and complexity, giving businesses time back to focus on strategic goals and other vital corporate tasks.
Secure
Enhancement of security through account privacy and reduction of manual processing.
Key Benefits
- Reduce payment rejections
- Better experience for your customers
- Improve open banking settlement
- Faster payments
- Smoother transactions
- Trade cross border
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