Virtual IBANs (vIBANs) let institutions identify, route and reconcile incoming payments automatically. Each vIBAN is linked to a company-named account held with Clear Junction, enabling clear attribution and reconciliation of payments at customer level.
Clear Junction issues vIBANs to help financial institutions manage large volumes of inbound and outbound payments with clarity and control. They are used to attribute payments, simplify reconciliation and maintain clear visibility across customer payment flows. Read more about how virtual IBANs scale reconciliation.
PSPs and EMIs reconciling high volumes of incoming client payments
Financial institutions managing high volumes of customer payments.
Banks and FIs managing multi-entity or multi-region collections
CASPs using fiat rails for compliant on/off-ramp models
Unique virtual IBANs linked to a company-named GBP or EUR account
Customer-level payment attribution for efficient reconciliation.
Instant posting via Faster Payments and SEPA Instant, subject to scheme availability
Real-time notifications for credits, returns and exceptions
Configurable references and metadata for internal reporting and MI
API-driven creation and management with full audit history
You stay in control. Your customers access through your platform.
You retain full control over all virtual accounts.
All vIBANs operate under your company’s Master/Client Account.
Your company is responsible for managing customer-level functionality, including:
End customers have no direct access to virtual accounts through Clear Junction systems, online banking, or any other Clear Junction channel.
All customer access and account management are handled through your own platform.
Each customer transaction is processed using the relevant customer vIBAN for identification and reconciliation.
Any requirement for your customer’s name or your company’s name to appear as the payment originator or beneficiary should be discussed during onboarding.
The final setup will depend on your:
Clear Junction operates within a defined risk appetite. Some businesses may be unsupported or subject to restrictions.
Clear Junction may update its Risk Appetite Statement at any time. Please review the Eligibility Criteria before onboarding customers to help reduce onboarding issues and streamline the virtual account generation process.
Regulated EMI framework covering UK and EU payment schemes
Company-named master account structure
Automated reconciliation and clear audit evidence
vIBAN assignment to approved individual or corporate customers.
Scheme-level visibility for Faster Payments, CHAPS, SEPA and SEPA Instant
Reporting aligned to treasury and safeguarding standards