Customer Virtual Accounts

The Customer Virtual Accounts product lets you create Virtual Accounts for your customers, making it easier and more flexible to manage and track payments. You can manage transactions for your customers and their clients (both business and individual type payments) by assigning named Virtual Accounts with unique details to each customer. These vIBANs are linked to your payment account, letting you send and receive payments on your customers' behalf under their name.

This product is primary for Financial Institutions who are regulated, and similar types of businesses which are also regulated, from the UK and the Rest of the World.

We simplify the entire process and provide tools to smoothly manage funds between your business, your customers', and their end-customers. This product enables you (the direct customer of BVNK) to manage your own liquidity using our flexible ledger capabilities, and the functionality to issue named Virtual Accounted for your customers.

This product is available to businesses based in the UK and in countries supported by BVNK outside the EEA region. GBP account availability is limited to businesses incorporated in the UK, Isle of Man, Jersey, Gibraltar, or Guernsey.