Banking Circle Virtual IBAN

Virtual IBAN solution for FX and Payments businesses

By becoming Members of the Banking Circle, FX and Payments businesses can issue multi-currency IBAN accounts for customers in their own name, and in multiple jurisdictions, enabling them to offer a full transactional service to their customers. 

Key benefits for FX and Payments businesses include fast account set up, local clearing capability plus cross border payments through the SWIFT network with same day settlement for SEPA payments, the ability to leverage the Banking Circle network to make and receive payments instantly.

In addition to this, customers of FX and Payments businesses benefit from no longer having to manage multiple banking relationships.

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Virtual IBAN, IBAN Account, Cross Border Payments