IBAN & Virtual IBANs
Dedicated IBAN account details to receive, identify, and reconcile incoming payments with precision.
What IBAN & Virtual IBANs does
Bitbrex IBAN and Virtual IBANs give your business dedicated account numbers that allow you to receive payments and automatically track where they came from. Each virtual IBAN can be assigned to a specific client, partner, or transaction flow, making reconciliation accurate and efficient without manual matching.
Dedicated Account Numbers
Each virtual IBAN provides a unique account reference for a specific payment source or client.
Automatic Payment Identification
Incoming payments are matched to the correct IBAN, eliminating manual reconciliation guesswork.
Real-time Incoming Tracking
Know exactly when and from where each payment arrives.
Scalable Issuance
Issue multiple virtual IBANs as your client base or payment flows grow.
Payment identification flow
Customer sends payment using their dedicated Virtual IBAN
Payment is automatically identified and matched to the correct account
Reconciliation is updated in real-time with no manual intervention
Finance and operations teams are notified instantly
The business problem
Businesses receiving payments from many clients or partners often struggle with manual reconciliation. Without dedicated account details per sender, finance teams spend significant time matching incoming payments to the correct invoice or client. Errors, delays, and operational overhead grow as payment volumes increase.
Key benefits
Zero Manual Matching
Each payment arrives tagged to the correct virtual IBAN, automatically identifying the source.
Faster Reconciliation
Finance teams close reconciliation faster because payment data is already structured and clean.
Client-Level Tracking
Assign a dedicated IBAN per client and maintain a clear payment history per relationship.
Reduced Errors
Remove human error associated with manual reference matching on incoming bank statements.
Operational Efficiency
Scale incoming payment operations without scaling headcount.
Other products you might need
Explore other Bitbrex products that work well with IBAN & Virtual IBANs.
Ready to get started?
Talk to our team about how IBAN & Virtual IBANs can support your business.
Talk to Sales about Virtual IBANs