Clear Junction assigns a unique IBAN to each payment or e-wallet account it opens. Some projects assume allocation of multiple IBANs per account.
Clear Junction applies its flexible IBAN Issuance (a.k.a. Virtual IBANs) capabilities for a wide range of projects, that allows easy access to the domestic clearing schemes and leverages their efficiency. The IBANs are issued on demand and can be reserved via the API or manually via the Online Banking portal.
IBANs allocated by Clear Junction match the format mandated by ISO 13616:2007 and are of form GB**CLJU**************. They are addressable within the following interbank clearing systems: SEPA (EU), FasterPayments (UK), BACS (UK), CHAPS (UK).