At FV Bank, we’re committed to building solutions that address real operational challenges for today’s global businesses. We’re excited to introduce our latest feature: Virtual Account Numbers — designed to automate incoming fund attribution, reduce reconciliation workloads, and help our clients scale effortlessly.
With virtual accounts, business customers can now generate unique, dedicated virtual account numbers and deposit instructions for each of their beneficiaries or counterparties, making it easier than ever to track and reconcile incoming payments, whether through SWIFT, ACH, Domestic Wires, or stablecoin deposits.
Why Virtual Accounts?
If your business receives payments from multiple clients or counterparties, you know how difficult it can be to match deposits to the correct source. Manual reconciliation is time-consuming, error-prone, and often creates unnecessary operational overhead.
Our Virtual Account solution eliminates payment attribution challenges by pre-assigning unique account numbers to each client or payer. Each incoming payment is matched 1-to-1 using dedicated deposit instructions, enabling automatic reconciliation the moment funds are received.
How It Works
Businesses can create virtual accounts for their beneficiaries and provide each a dedicated virtual account number and deposit instructions for:
- International SWIFT transfers
- ACH and Domestic Wires
- Stablecoin deposits (e.g. USDC)
We’ve also prepared a detailed user guide to walk you through the process. When payments are made to these virtual accounts, FV Bank automatically matches them to the intended beneficiary, ensuring speed, accuracy, and full traceability.
More Than Just Efficiency — Improved Compliance Too
In addition to operational improvements, Virtual Accounts also enhance our KYCC (Know Your Customer’s Customer) framework. With deeper visibility into the origin of funds, we can apply stronger compliance oversight and improve transaction monitoring.
This makes Virtual Accounts especially valuable for:
- Regulated entities such as law firms, asset managers, and fintechs
- Marketplaces and platforms managing funds for a large user base
- Enterprises requiring auditable and clearly segregated payment flows
A Word from Our CEO -
Getting Started
The Virtual Account Numbers feature is an optional add-on available at an additional cost. To enable it for your account, please contact your account manager or email us at sales@fvbank.us.
