What is a Virtual IBAN?

A Virtual IBAN (vIBAN) is a unique account identifier linked to an underlying payment account. It enables organisations to identify incoming payments more accurately, automate reconciliation and simplify payment operations without requiring multiple bank accounts.

How do virtual IBANs work?

Each Virtual IBAN routes payments to a single underlying payment account while providing its own dedicated account identifier. This allows organisations to allocate incoming funds automatically, improve payment visibility and reduce manual reconciliation.

What are the main benefits of using virtual IBANs?

Virtual IBANs help organisations: Simplify international collections Automate reconciliation Improve treasury management Strengthen operational efficiency Reduce payment errors Improve customer payment experiences

How are virtual IBANs different from traditional IBANs?

Traditional IBANs represent individual bank accounts. Virtual IBANs act as unique payment identifiers linked to a single underlying payment account, enabling organisations to manage multiple customers or payment flows without opening additional accounts.

Who should use virtual IBANs?

Virtual IBANs are suitable for financial institutions, payment providers, fintechs, marketplaces, cross-border businesses and digital asset firms handling high payment volumes across multiple customers or counterparties.

Can I create a virtual IBAN for each customer?

Yes. Organisations can create dedicated Virtual IBANs for individual customers, suppliers or payment flows, making payment identification and reconciliation significantly more efficient.

Do virtual IBANs eliminate the need for payment references?

In many cases, yes. Because each payment is routed through a unique account identifier, organisations can reduce their reliance on manual payment references while improving payment accuracy.

Can virtual IBANs support multiple currencies?

Virtual IBANs integrate with BCB Group's multi-currency payment accounts, supporting efficient payment operations across major international currencies.

How quickly can virtual IBANs be created?

Virtual IBANs can be created almost instantly under an existing payment account, allowing organisations to respond quickly as customer or operational requirements evolve.

Are virtual IBANs secure and regulated?

Yes. Virtual IBANs are delivered through BCB Group's regulated payment infrastructure, providing the operational security, governance and compliance standards expected by institutional financial organisations.

Do I need a separate bank account for each IBAN?

No. Multiple Virtual IBANs can be linked to a single underlying payment account, simplifying account management while improving payment visibility.

How can I integrate virtual IBANs into my systems?

Virtual IBANs integrate with BCB Group's payment accounts and are accessible via the Client Console and API, enabling organisations to incorporate them into existing payment, finance and treasury workflows.

Virtual IBAN Accounts for Business

How Virtual IBANs work.

Under one payment account, you can create unlimited client-specific Virtual IBANs, almost instantly.

Each has its own International Bank Account Number but stays linked to the underlying account.

That means every incoming payment identifies itself – no manual reconciliation, no chasing payment references – and you get one clear view of your collections as volumes grow.

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Hear from who we work with.

“Working with BCB Group has enabled BlockFills to deliver streamlined payment solutions to our clients, speeding up transactions as well as on and off-boarding between crypto and fiat.”

“We have also increased our own operational efficiencies through multiple currency accounts and virtual IBANs.”

Read more

Nick Hammer

BlockFills Co-founder and CEO

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Who uses BCB's Virtual IBANs?

Global Liquidity & FX

Always-on deep liquidity across major and emerging currencies, with real-time settlement and ultra-low-latency execution.

Built for:

Foreign exchange providers
Regulated FX and CFD brokers
International trading businesses

Cross-Border & OTC Settlement

Confidential, high-value settlement for desks moving large blocks of funds across borders – without delay and friction.

Built for:

Cross-border businesses
International trading businesses

Payments & Marketplaces

Fast, reliable multi-currency payment infrastructure for platforms and merchants operating internationally – where traditional banks are often too slow or too risk-averse to keep up.

Built for:

Payment providers
Marketplaces and platforms

Remittance & Payroll

Real-time, reliable cross-border payouts for businesses sending money to people and partners around the world – at scale, without settlement lag.

Built for:

Remittance businesses
Payroll companies

iGaming & High-Growth Platforms

Banking infrastructure for high-growth platforms that need fast, reliable payouts and multi-currency accounts

Built for:

iGaming companies
Operators – Licensed sportsbooks, casinos and poker rooms.
Platforms and PAMs – Player account management systems, CRM and tech providers.
PSPs – Gambling-focused payment providers.

Fintech Infrastructure & Innovation

The compliant financial infrastructure fast-growing fintechs build on.

Streamline payment solutions to your clients, increase your operational efficiencies through multiple currency accounts and virtual IBANs.

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Compliance and anti-money laundering challenges are reduced, through clear segregation and improved transparency of funds.
Our vIBANs cut costs and complexity, giving businesses time back to focus on strategic goals and other vital corporate tasks.
Enhancement of security through account privacy and reduction of manual processing.

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.
Stay secure.

Enhancement of security through account privacy and reduction of manual processing.

Segregated by design.

Every incoming payment arrives clearly segregated, giving you a transparent audit trail from day one. That makes life easier for your compliance, governance and AML teams – however complex your payment flows.

Speak to an expert

Contact us

To learn more about how Virtual IBANs can simplify your organisation’s payment operations, speak to one of BCB Group’s specialists.

We’ll explain how Virtual IBANs integrate with your payment accounts, support international collections, improve reconciliation and strengthen treasury operations as your organisation grows.

Book a call with our team

FAQs

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Virtual IBANs for global payment operations.

How Virtual IBANs work.

Hear from who we work with.

Who uses BCB's Virtual IBANs?

Segregated by design.

Contact us

FAQs

Payment accounts