Clear Junction

Correspondent Account to access to EUR and GBP domestic rails

Your gateway to the European market

© 2016-2025 Clear Junction. All rights reserved. Clear Junction Limited. Authorised and regulated by the Financial Conduct Authority (FCA) as Electronic Money Institution under Firm Reference Number (FRN) 900684. Registered address: 85 Great Portland Street, London, United Kingdom, W1W 7LT.

Clear Junction

As an FCA-authorised financial institution trusted by leading banks and fintechs, we deliver bank-grade proprietary payments infrastructure, safeguarded accounts and a disciplined, regulated approach to risk.

London Office, Cavendish Square

Regulated footprint

FCA-authorised Electronic Money Institution (UK)

FINTRAC-registered Money Services Business (Canada)

Operating since 2017, serving exclusively regulated financial institutions

In-house tech

Built on Clear Junction’s own tech platform for rich functionality, control and performance

99.9% + uptime

across payment platforms

Over £26 billion

annual payment value and millions of transactions processed

Trusted by 400+

banks and regulated financial institutions worldwide

Operational resilience

✅ Reliable access to SEPA, SEPA Instant, FPS, CHAPS and BACS

✅ Deep compliance and regulatory expertise enabling safe, scalable growth

✅ Clear accountability: named managers, defined SLAs, and transparent service governance

Culture & service

🤝 Clients stay and refer because we deliver what we promise (CSAT/NPS 42)

🌐 Proactive, multilingual service that keeps clients connected and payments flowing

Technology & scale

Proprietary platform running client accounts, ledgers and payments in one place

Proven at scale, issuing and managing millions of virtual IBANs for leading banks globally

High straight-through processing to support large daily payment volumes

Unified API for onboarding, account management and pay-ins / pay-outs

ISO-certified information security with disciplined change control

Risk & compliance

Embedded KYC/KYB, sanctions and AML screening across all flows

✅

London based first-line onboarding and financial crime prevention team

✅

Ongoing review of limits, counterparties and unusual activity

✅

Risk framework designed to ensure our compliance and our clients’ programmes

✅

Our offering

The Correspondent Account service

✅ Virtual IBANs addressable in SEPA/SEPA Instant, FPS and CHAPS clearing schemes

✅ You retain the primary customer relationship

✅ API first solution — with the ability to view and control accounts via API

✅ Real-time visibility for treasury, finance and operations

The model at a glance

YOUR BANK

⟷

→

SEPA & SEPA Instant Faster Payments CHAPS Bacs

Your bank opens an account with Clear Junction.

These accounts are addressable in the UK & EU domestic clearing schemes.

Your customers send and receive EUR and GBP efficiently.

Detailed process flow

Using the API integration, your bank issues named virtual IBANs for its clients at scale. Secure data exchange and event notification webhooks.

Clients (recipients) receive bank details to share with senders.

Your bank’s client shares virtual IBAN details with sender.

Sender initiates transfer via local rails in the UK or EU.

Funds are credited to your bank’s EUR or GBP account at Clear Junction and safeguarded as client money. Notifications via API and/or Online Portal include sender data, IBANs, amount etc.

Settlement to your bank’s nostro account, or onward payout, per instructions.

Why regulators like it

Clear audit trail with AML oversight

✅

Removes informal or agent risk

✅

Reduces reliance on cash

✅

Settlement within a licensed partner with safeguarded funds

✅

Case study

Monobank

Situation

Ukraine’s leading digital bank needed to enable SEPA transfers for retail and SME clients.

Over €20bn in annual EU-Ukraine remittances made fast euro payments essential.

Monobank sought a compliant, scalable solution to serve its growing customer base.

Solution

✅ Clear Junction enabled SEPA and SEPA Instant transfers via virtual IBANs.

✅ Fully automated integration through Clear Junction’s APIs.

✅ Predictable settlement times, transparent pricing and full payment visibility.

Outcomes

🏆 First bank in Ukraine to support SEPA money transfers.

🏆 Thousands of customers now receive euro payments quickly and securely.

🏆 Greater competitiveness with EU neobanks and new FX revenue streams.

🏆 Improved transparency and AML oversight for regulators.

✅ EU rails in one integration

✅ Transparent, auditable flows

✅ Proven with Monobank

Monobank became the first bank in Ukraine to support SEPA money transfers, allowing thousands of customers to access convenient and fast money transfers.

Michael Rogalskiy, Co-Founder, Monobank