vIBANS

[jorgeluzz]

I’m looking for help finding the right provider for multiple IBANs (ideally virtual IBANs) for my UK-registered company.


I’ve already tried Wamo with the Scale plan, but it doesn’t work properly for my needs. I really need a solution that allows me to generate and manage a large number of IBANs for my business,more than just a few sub-accounts.


Can anyone recommend alternatives that support issuing many virtual IBANs (vIBANs) or dedicated IBANs? I need real scalability, not just a handful.


Thanks in advance for any suggestions or experiences with providers that offer this kind of service.

 

[Sols]

Why do you need so many IBANs?

Speak with Modulr, Banking Circle, OpenPayd, or Clear‌ Junction if you have a legitimate need for large number of IBANs.

 

[jorgeluzz]

I need multiple IBANs to receive funds from various sources where unique IBANs‍ are required per sender or region.

Regarding legitimacy, the only limitation is that the company⁠ is less than 6 months old.
What would you advise in this case? Would any⁤ of Modulr, Banking Circle, OpenPayd, or Clear Junction be suitable given this context?

 

[alley]

To me, it sounds like you're trying to present yourself as some sort of bank‌ or financial service, without actually having the proper license. Or is there another reason for‍ needing that many IBANs?

 

[jorgeluzz]

I work with investment platforms and⁠ related services.
Each wallet I invest in requires a different IBAN to receive funds.

I am not a financial institution or an unlicensed bank, as you're suggesting.
What I need⁤ are sub-accounts, each with its own dedicated IBAN , that's all.
Everything is properly declared⁣ and compliant, contrary to what you're implying.

 

[jorgeluzz]

If you know of any solution I would appreciate it.

 

[Clearsky Network]

corporate (B2B) or personal (C2B) vIBANs?
Clear Junction, Openpayd, Easypayments, Breinrock (through⁣ Openpayd), BCB Group... but almost all of them need 6 months transactional history and good⁢ explanation of your business activity.
No offense, but it feels like you're trying to find︀ a payment solution for FX companies without the appropriate licensing in place

 

[Sols]

You haven't demonstrated a convincing reason for why you need so many IBANs. As⁣ far as banks are concerned, there is no legitimate use case which matches what you⁢ describe. That's why this isn't a common service. Investment platforms don't have "wallets" that require︀ a "different IBAN". That's nonsense and you either know that or are you are being︁ deceived by someone. If this were normal, banks would be lining up to offer you︂ IBAN creation on tap.

I would suggest you don't contact any of the banking platforms︃ I mentioned, so as to not waste your own nor their time.

 

[ActionMan]

If pooled accounts︀ aren't an Issue with you, we Have DE, DK and NE Ibans in stock.

 

[jorgeluzz]

tell me more about this

 

[greenline]

openpayd needs your company to be at least 2 years old and you need⁣ a license

 

[MrGoodman]

Pooled accounts are always in‌ the name of the payment institution. You need dedicated IBANs in your company's name, if‍ I understod right. I do not know any EMI that provides more than a few⁠ IBANs depending on the currency required.