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 precise mapping of funds to senders, merchants or partners under a single regulated infrastructure.
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 full transparency across client and merchant flows.
PSPs and EMIs reconciling high volumes of incoming client payments
Remittance and pay-out operators tagging transactions per corridor or partner
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
Sender, merchant or partner-level mapping for automated 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.
Virtual IBAN issuing
Clear Junction assigns virtual IBANs to your chosen structure — partner, merchant or use case.
Payments received to a vIBAN automatically credit your company-named account.
Reconciliation occurs instantly, with alerts for unmatched or returned items.
Data and statements are available through dashboard, API and export formats.
Regulated EMI framework covering UK and EU payment schemes
Company-named master account structure
Automated reconciliation and clear audit evidence
Flexible vIBAN assignment per sender, partner or use case
Scheme-level visibility for Faster Payments, CHAPS, SEPA and SEPA Instant
Reporting aligned to treasury and safeguarding standards