Virtual IBAN for fintech companies
What is a virtual IBAN?
A virtual IBAN is a unique account number linked to your company’s main bank account. It allows you to automatically allocate payments, simplifying their processing and accounting.
Customers send money to your company’s details, and you receive the funds with an accurate understanding of who they came from and what they paid for.
Why Bilder?
Experience in fintech – 10 years, in finance – more than 20 years.
We know how to create convenient and reliable payment solutions.
We will open an account in 5 working days.
Thanks to our experience of working with fintech companies, we have built an efficient process and take into account all the specifics of the industry.
Flexible tariffs, transparent terms and conditions.
Our solutions are customised to your needs.
Separate account for the company
Who needs it?
Fintech companies that deal with high payment flow:
Electronic wallets
Processing companies
Cryptocurrency exchange
Loan platforms
Investment platforms
Forex brokers
How are the tariffs formed?
We offer flexible pricing plans based on two key criteria:
Size and volume of payments
The higher the volume and frequency of transactions, the more favourable rates we can offer.
Business Risk Profile
Your company’s type of business affects your risk assessment, which is reflected in the cost of service.
Questions and answers
A virtual IBAN (International Bank Account Number) is an international bank account number that is different from a standard bank account. It is opened in the name of a financial institution to serve its end customers.
Outgoing payments are initiated in the name of the financial institution with an added reference to the end customer, while incoming payments are received in the name of the financial institution.
Virtual IBANs are provided by the e-money issuer Bilder, which is regulated by the Financial Conduct Authority (FCA). This ensures compliance with international payment security standards. Virtual IBANs use the same security methods as traditional banking systems, including encryption and secure transaction processing.
Funds are held in segregated accounts with trusted European partner banks.
Yes, you can open several accounts to separate financial flows. It is also possible to give each account an individual name.
To find out how virtual IBANs can optimise your business and start using them, contact us. You can do this in a number of ways:
- Click on the ‘Get Started’ button on this page.
- Send us an email at hello@bilderlings.com.
- Contact your manager at Bilder.
- Email us on LinkedIn.
- Contact us via our personal account (if you are already a client).
It depends on the risk profile of the financial institution, but in most cases, separate harmonisation will not be a mandatory procedure.
The cost of opening virtual IBANs within an open account depends on the risk appetite of the financial institution and is negotiable in advance.
Yes, your customers can get customised IBANs for deposits and withdrawals from their accounts.
Currently, only the SEPA channel is available.
At the moment EUR currency is available.
Bilder is a UK organisation and uses the UK IBAN format which starts with the letters GB.
Yes, to provide virtual IBANs to your customers you need a licence to operate with customer funds.
The payment service provider is Bilder.
This feature is currently under development.
Whilst many payment organisations apply fixed transaction limits, we offer a more flexible approach. Limits for your business are set individually, depending on your company’s stated turnover and type of business.
An electronic money issuer (EMI) has a bank account. The EMI creates within its structure at the bank a virtual IBAN with the name ‘B’.
In this case:
- For the bank, the owner of the ‘B’ account remains the EMI.
- For external counterparties, ‘B’ is considered as the account holder of account ‘B’.
Why is this necessary?
- Receipt of payments: EMI credits the virtual IBAN ‘B’ with regular card processing payments.
- Flexibility of payment solutions: ‘B’ can use this account to accept payments from other systems, e.g. through Open Banking.
- Transactional: The virtual IBAN can be used for partner payments and bill payments.
- Payment card: A debit card can be added and used, for example, to pay for advertising.
In this way, the virtual IBAN expands the financial possibilities of the business, providing convenient management of funds.
