Reconciliation is the quiet tax on every platform that handles money: matching an incoming payment to the customer who sent it. Virtual IBANs make that match automatic.
The idea
A virtual IBAN (vIBAN) is a unique, routable account number that resolves to a single underlying account. You can issue thousands of them — one per customer, per invoice, or per purpose — without opening thousands of real accounts.
Why it helps
- Automatic reconciliation — because each payer has their own number, you know who paid the moment funds land.
- Cleaner ledgers — no more manual matching on reference fields customers forget to fill in.
- Faster onboarding — issue a vIBAN in seconds instead of waiting on a new account.
Where they fit
Marketplaces, PSPs, lenders and fintech platforms all use vIBANs to give end users real account details while keeping funds under one regulated roof. Paired with Verification of Payee and Confirmation of Payee, every credit is both correctly attributed and verified.