Virtual IBAN Accounts.

Reduce error rates and simplify reconciliation for businesses.

Experience the flexibility of virtual IBAN accounts tailored for global business needs. With Bivial, manage multiple currencies, streamline international payments, and optimise funds management from a secure, all-in-one platform.

How it works.

How Bivial Secures Every International Transaction.

Protecting your business is our top priority.

Bivial's virtual IBAN accounts (vIBANs) are built on Swiss regulatory standards. The combination of advanced encryption, robust access controls, and ongoing monitoring keeps your sensitive data protected and your funds secure. Every international transaction is processed with transparency and care, so you can concentrate on business growth and put security concerns aside.

Integration Made Simple for Global Payments.

Simplifying payments, powering your business.

Easily integrate with Bivial's REST API. You can automate transactions, receive payments in multiple currencies, or optimise funds management. Our integration tools are designed to support seamless cross-border payments and adapt to your unique workflows.

Everything You Need.

Reconciliation Simplification.

Say goodbye to manual reconciliation. With Bivial, incoming payments are automatically matched to unique vIBANs and labelled to optimise funds management. This process is fast, reduces human error and allows you to pinpoint business spending.

Payment Volume Handling.

Virtual IBAN accounts from Bivial are an indispensable tool for companies managing high payment volumes. You can allocate individual account numbers for each client or revenue stream. By doing so, you can disperse funds efficiently and keep track of global transactions with ease.

Quick Setup.

Open your virtual IBAN account online, with no local branch visits. You can partition your accounts by business needs or client requirements and be ready to receive payments from different countries in just a few steps.

Multi-Currency Support.

Expand your business reach with accounts that support different currencies. Handle seamless cross-border payments, convert funds, and cater to clients and partners worldwide. Everything from a single dashboard.

Segregated Account Management.

Bivial allows you to open multiple unique vIBAN accounts from a unified Dashboard. Allocate, label, and manage funds for various projects, teams, or client needs. This approach eliminates ambiguity and simplifies oversight.

Automatic Payment Routing.

Optimise your payments with automatic routing. This feature streamlines global payments, improves reconciliation, and helps your business avoid costly delays.

FAQs.

What is the difference between IBAN and virtual IBAN?

An IBAN is a standardised identifier used by traditional bank accounts for conducting international payments. A virtual IBAN, on the other hand, serves as a unique account number assigned to a specific client, transaction, or revenue stream.

How to get a virtual IBAN?

To create an IBAN account with Bivial, start by signing up online—there's no need for a physical branch visit. Once your business account is verified, you can easily generate and manage multiple virtual IBANs directly through the Bivial Dashboard. This flexible setup lets you allocate vIBANs for different business needs or clients.

What is the format of vIBAN?

A virtual IBAN (vIBAN) follows the same structure as a regular IBAN account. It includes a country code, check digits, bank code, and unique account number. However, each vIBAN features an extra identifier, allowing account owners to track specific transactions or customers more easily.

Which countries do not use IBAN?

The United States, Canada, Australia, New Zealand, and most Asian countries do not use the IBAN account format. Instead, they rely on other systems, such as routing numbers (in the US and Canada), BSB numbers (in Australia), or local account numbers and SWIFT codes to identify bank accounts for international payments.

Is vIBAN equal to SWIFT code?

No, a virtual IBAN (vIBAN) and a SWIFT code serve different purposes. A vIBAN is a unique identifier for a specific bank account or client. In contrast, a SWIFT code is used to identify a financial institution or bank during international transactions. Both are often used together to ensure funds are routed correctly, but they are not the same.