Virtual Accounts

Virtual accounts provide a powerful solution for streamlining and automating the reconciliation of incoming payments. A virtual account is a unique, non-physical account number that is dynamically linked to your primary BCB account. Its primary purpose is to act as a unique identifier for each of your customers, payers, or invoices.

By assigning a dedicated virtual account to each payment source, you can eliminate the manual effort of matching incoming funds to the correct originator. When a payment is received, our system instantly recognizes the virtual account number, allowing for real-time, automated crediting and simplified record-keeping.

• Simplified Reconciliation: Instantly match incoming payments to the correct payer, invoice, or project, eliminating the need for manual tracking.
• Enhanced Visibility: Gain clear insights into who is paying you and when, providing a comprehensive audit trail for all transactions.
• Increased Efficiency: Automate your financial operations and reduce operational overhead, freeing up resources for more strategic tasks.