Virtual accounts for Financial Institutions

Give every business customer their own virtual account

Issue virtual accounts connected to the master account at ConnectPay. Every payment arrives matched to the right customer and moves in their name.

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€3.6B

Annual payment turnover (2025)

92%

Transactions traitées via l'API

EEE

Pan-European EMI licence

Réglementé

By the Bank of Lithuania (EMI licence No. 24)

What is a virtual IBAN account?

A virtual account is a unique IBAN you give to a customer, linked to the master account. It looks and works like any other account, so your customer can share it, receive payments and send them. It has no balance of its own: every payment credit or debit the master account, and virtual IBANs are assigned to your customers.

One shared account doesn’t scale. Virtual IBAN accounts do.

When all your customers pay into one IBAN, every payment becomes a question your team has to answer by hand.

Without vIBANs

Payments you can’t match. Payers forget the reference or type it wrong, and your team chases unmatched payments.

Payments in the wrong name. Counterparties see your institution, payers get VoP warnings, and payments get rejected.

Years of building. Offering dedicated accounts yourself means scheme access, new infrastructure and a team to run it.

Customers who look elsewhere. Businesses expect their own account and move to providers that offer one.

With ConnectPay vIBANs

Matched on arrival. Each customer is assign to a vIBAN.

Payments in your customer name. Every vIBAN carries your customer’s name, so counterparties see who they’re paying and VoP checks pass.

Ready infrastructure. Plug into our API and start issuing vIBANs.

A product customers expect. Give every business customer a dedicated vIBAN under your own brand and relationship.

How it works in practice?

You’re an EMI with 2,000 business customers. You give each one its own vIBAN. When a client of Customer B pays “invoice 2041”, the payment amount lands on your master account already marked as Customer B’s, even if the payer forgot the reference.

Built for licensed financial institutions

Electronic money institutions (EMIs)

Offer each business customer a dedicated account, without building your own banking infrastructure.

Payment institutions and PSPs

Collect and pay out for your merchants, with every payment matched to the right merchant.

Neobanks and digital banks

Launch business accounts with their own account in weeks, not years, and scale them as your customer base grows.

Specialised banks

Add named accounts and SEPA payments to your offering through one API.

One master account. Unlimited virtual IBAN accounts.

Each virtual account is a unique IBAN mapped to your master account at ConnectPay. To payers and recipients, it works like any other account.

Incoming payments

A payment sent to a vIBAN reaches ConnectPay and is credited to your master account, tagged to the right customer.

Outgoing payments

Your customer’s name and vIBAN appears as the sender. Funds are debited from your master account.

Supported payments

SEPA, SEPA Instant and internal transfers between ConnectPay accounts, both incoming and outgoing.

One balance

Manage your master account, balance and statements through the API or our online banking.

Know who paid, for what, the moment funds land

Every incoming payment comes with the details your team needs:

The sender’s name and account

The vIBAN and customer it was paid to

Amount, currency and payment reference

Unique transaction IDs for end-to-end tracing

Your master account statement lists each transaction with its vIBAN and customer name. Pull it through the API and reconcile in your own systems.

Your customers. Your platform. Your rules.

Your customers stay yours

You onboard them and own the relationship. They are never onboarded to ConnectPay, log in to our systems or deal with us directly.

Grows with you

Issue a vIBAN to each new customer as you onboard them, from your first ten to tens of thousands, all mapped to the same master account.

Your product, your rules

You decide which customers get a vIBAN. Access, limits and approvals all run in your own platform.

Full control through one set of APIs

Open, block, unblock, close and list vIBANs through one set of APIs, along with each vIBAN’s customer and master account mapping. Initiate payments from any vIBAN and pull transactions for reconciliation.

Explore the API docs

Compliance built for regulated partners

The Bank of Lithuania authorises and regulates us (EMI licence No. 24), under the supervision of the European Central Bank.

Defined under AMLR / AMLD6

EU law formally defines virtual accounts and reserves issuing them for licensed financial institutions.

Reporting at master-account level

Only the master account is reported to Lithuanian authorities.

Safeguarded funds

Funds in the master account are safeguarded and protected in insolvency.

Ongoing oversight

We run dedicated monitoring, screening and periodic reviews of each partner relationship.

Partenaire privilégié des plateformes en forte croissance sur le marché européen

Real stories from platforms scaling with ConnectPay

Accélérer les investissements écologiques dans les infrastructures

Partnering with ConnectPay transformed our entire financial infrastructure and unlocked growth opportunities we couldn’t achieve before. What impressed us most was how seamlessly the transition happened – over 15,000 users moved to individual IBAN accounts with 90% onboarding automatically in just seconds, all while maintaining complete front-end continuity.

Laimonas Noreika, CEO at InSoil

Une infrastructure de crédit intégrée et transparente

Les services de crédit intégrés visent avant tout à faciliter la vie des utilisateurs. L'idée est de permettre aux petits et moyens commerçants d'accéder à des fonds de roulement via les plateformes qu'ils utilisent déjà dans le cadre de leur activité. La collaboration avec ConnectPay est essentielle pour garantir des processus fluides et une expérience client exceptionnelle, tant pour nos partenaires que pour leurs clients professionnels.

Audrius Griškevičius, CEO and Co-Founder at Softloans

Adapter le volume des investissements obligataires

Nous sommes ravis d'avoir collaboré avec ConnectPay sur notre plateforme, car ils ont tout mis en œuvre pour adapter leurs solutions existantes à nos besoins et à nos exigences techniques. Malgré des difficultés de communication et des délais serrés vers la fin du projet, nous avons réussi ensemble à créer une solution de paiement fluide et simple pour la majorité de nos clients, ce qui était l'un de nos principaux objectifs et que nous considérons comme un grand succès.

Indrė Dargytė, CEO at BeMyBond

From first call to first vIBAN

Three steps to go live.

Check eligibility

Book a 30-minute call. We confirm your licence and use case, then send you a tailored quote.

Onboard and sign

We complete due diligence on your institution, sign the agreement and open your master account.

Integrate and go live

Connect to our API, test in the sandbox and start issuing vIBANs to your customers.

Frequently asked questions about virtual IBANs

Qu'est-ce qu'un IBAN virtuel ?

A unique IBAN mapped to your master account at ConnectPay. Your customer can share it, and send and receive payments with it. It has no balance of its own: funds sit on your master account, tagged to the right customer.

Do my customers sign up with ConnectPay?

No. You onboard and verify them under your own KYC programme. They have no legal relationship with ConnectPay.

Which payments are supported?

SEPA and SEPA Instant, incoming and outgoing, with Verification of Payee. Payments are sent and received in your customer’s name.

Can I issue vIBANs to individuals?

Today, vIBANs are available for your business customers. Support for individuals is coming soon.

How do I reconcile payments?

Pull your master account statement through the API. Each transaction shows the vIBAN, your customer’s name, the counterparty’s details and the payment reference.

Can I manage vIBANs in online banking?

vIBANs are managed through the API. Your master account, balance and statements are available in both the API and online banking.

Who is responsible for compliance?

You handle KYC/CDD, screening, transaction monitoring and STR reporting for your customers. We provide the infrastructure, hold the funds and oversee the relationship at institution level.

What do you need from us after launch?

Customer and transaction data on request, within five working days.

How is it priced?

Pricing depends on your volumes and risk profile. We’ll send you a tailored quote after a 30-minute call.

Ready to give every customer their own virtual IBAN account?

Book a 30-minute call. We’ll check your eligibility, walk you through the setup and send you a tailored quote.

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