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

Get paid like a local in major currencies
Save on conversion and transfer fees
Optimize timing for FX conversion
Improve visibility and control over incoming funds
Simplify reconciliation across global markets
Connect with marketplaces such as Amazon or Shopify

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.

Accounting teams managing international receivables

Looking to simplify reconciliation and reduce FX-related costs.

Step-by-Step

How to get a virtual IBAN

Get started in a few simple steps to unlock seamless global payments.

1
Set up an account

Submit your business info and documentation so we can get you verified and matched with a dedicated FX specialist.

2
Choose your collection currencies

Select the foreign currencies your business needs to receive payments in—EUR, USD, GBP, and more.

3
Get local account details

We’ll provide local IBANs and account numbers that your clients can pay into, just like a domestic transfer.

4
Start receiving funds

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.

Is my IBAN a real account or a pooled structure?

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.

Can I issue invoices in local currency using my virtual IBAN?

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.

Can I hold funds in multiple currencies at once?

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.

Are there fees for receiving funds into my virtual IBAN?

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.

Am I able to receive cashback on funds held in my Virtual IBAN account?

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.

Can I Convert Collected Funds to Another Currency Within PulseFX?

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.

What Documents are Required to Activate a Collection Account?

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.

How Long Does it Take for Incoming Payments to Appear in My Account?

Incoming payments typically appear in your collection account within 1-2 business days, depending on the currency and the sending bank’s processing time.