Bank Locally, Collect Globally — with Virtual IBANs
Simplify international collections with dedicated virtual accounts in major currencies. Accept payments like a local, and manage funds globally.
What is a Virtual IBAN?
A Virtual IBAN is a currency collection account that lets your business receive payments in various currencies through unique, local account details. It works like having bank accounts in multiple countries, without the need for local entities.
How to Use a Virtual IBAN
Collect payments from clients around the world in their local currencies—without conversion fees or delays. Assign unique IBANs or local account numbers for USD, EUR, GBP, and more, making it easy for customers to pay you domestically.
Consolidate funds in your PulseFX dashboard and convert them when market conditions are favorable. Improve cash flow management while expanding your international reach.
Why Does It Matter for Your Business?
Managing cross-border payments shouldn’t come at the cost of time, money, or control. Virtual IBANs let you localize your payment process, improve client experience, and hold funds until the exchange rate works in your favor.
Strategic Advantages of Virtual IBANS
Who Should Use Multi-Currency Collection Accounts?
Founders scaling globally
Seeking a frictionless way to accept payments in multiple currencies.
CFOs of global businesses
Needing better cash flow visibility and control across multiple markets.
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Accounting teams managing international receivables
Looking to simplify reconciliation and reduce FX-related costs.
How to get a virtual IBAN
Get started in a few simple steps to unlock seamless global payments.
Submit your business info and documentation so we can get you verified and matched with a dedicated FX specialist.
Select the foreign currencies your business needs to receive payments in—EUR, USD, GBP, and more.
We’ll provide local IBANs and account numbers that your clients can pay into, just like a domestic transfer.
Share your account details with payers and begin collecting payments directly into your PulseFX account.
Streamline Global Collections Today
Simplify your international payment operations with PulseFX.
FAQs
Find answers to your most pressing questions about our services and processes.
Your virtual IBAN is a dedicated, named account assigned specifically to your business — not a pooled or shared structure. This ensures that incoming payments are routed and reconciled directly to your account, reducing delays, avoiding misallocations, and simplifying compliance.
Because your IBAN is issued in your company’s name, it can be used just like a traditional bank account. This means you can connect it directly to third-party platforms such as PayPal, Stripe, Amazon, and other online marketplaces or payment gateways for seamless fund collection. It gives your business full control and flexibility in managing global receivables — without the limitations of pooled or intermediary accounts.
Yes. With your PulseFX virtual IBAN, you can issue invoices in the local currency of the account — for example, EUR for a European IBAN or GBP for a UK IBAN. This allows your international customers to pay you as if they were making a domestic transfer, reducing friction and improving payment speed. Once funds are received, you can hold, convert, or withdraw them based on your preferred currency strategy — all from within your PulseFX account.
Yes. Your PulseFX virtual IBAN account allows you to hold and manage balances in multiple currencies simultaneously. This is especially useful for businesses operating internationally, as it enables you to receive, hold, and convert funds on your own terms — without unnecessary fees or forced conversions.
No, there are no fees for receiving funds into your virtual IBAN. The only time a fee may apply is if you're making an outbound payment without a currency conversion on the received funds. Otherwise, receiving and holding funds in your virtual IBAN is completely free.
Yes. PulseFX offers a cashback program on eligible funds held in your Virtual IBAN account. The amount and structure of the cashback may vary depending on the currency, balance size, and how long the funds are held. To learn more about current cashback tiers and eligibility, speak with your FX specialist — they’ll help you understand how to make the most of your account activity.
Yes, you can easily convert collected funds into other currencies using PulseFX’s seamless currency exchange features, enabling you to manage multi-currency balances efficiently.
To activate your collection account, you’ll need to provide your business registration details, identification documents for the business owners, proof of address, a completed application form and a bank statement.
Incoming payments typically appear in your collection account within 1-2 business days, depending on the currency and the sending bank’s processing time.