Treezor’s virtual IBANs streamline payment processes and optimize cash management for your customers or company. Treezor guarantees accurate identification of flows and efficient tracking of transactions.
You process a high volume of transfers: Treezor’s virtual IBAN is the ideal solution for managing your business!
Virtual IBANs are an alternative to traditional IBANs. They route incoming (or outgoing) payments from a company to the main IBAN. These funds are then consolidated into a single account, making it easier to track transactions.
Create as many virtual IBANs as you need, associating them with the main account to centralize cash receipts in a single account.
Once generated and communicated to the recipient, the latter can make transfers using the payment details. Funds are automatically credited to the associated master account.
The virtual IBAN can be used to segment incoming transactions according to product or service, geographical area, expenditure category, etc.
Protect the main account’s banking details by limiting its exposure through the creation of virtual IBANs
Facilitate the reconciliation process by providing a unique reference for each transaction
Configuration limited to a single directionTreezor’s virtual IBANs can be configured to handle a single transaction direction: either outgoing funds via SEPA Direct Debit (SDD) or incoming funds via SEPA Credit Transfer (SCT). This limitation helps you to considerably reduce the risk of unauthorized funds movements.
Predefined number of transactionsTreezor’s virtual IBANs can be configured to accept up to a predefined number of transactions. This feature is particularly useful to help you manage your budgets and prevent misuse, as you can impose a ceiling on the number of transactions linked to a given virtual IBAN.
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Control over total transaction amountsTreezor gives you the option of restricting the total value of transactions that a virtual IBAN can process. This limit on the cumulative transaction amount provides an additional layer of financial security, preventing the excessive transfer of funds via a single virtual IBAN, ensuring that cumulative spending remains within the same allocated budget.
Time restrictionsTo further enhance the security of your transactions, Treezor’s virtual IBANs can be customized to operate within a specific time period. This time limitation ensures that the virtual IBAN in question is active only during specified periods, and deactivated once the period is over.
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Customize management rulesThanks to Treezor’s technology, you can customize management rules to suit your needs.
For example, you can define a specific VAT rate for each virtual IBAN, ensuring that all associated transactions automatically benefit from the appropriate VAT rate. This eliminates tedious manual data entry and reduces the risk of errors. Similarly, the automatic transaction categorization feature frees you from repetitive and time-consuming tasks. It’s important to note that these management rules can be easily adjusted at any time to suit your preferences.
Flexible modificationsOur platform enables you to easily change the name of an existing virtual IBAN, or the bank account to which it is attached, offering great flexibility in account management.
Easy deactivationTreezor greatly simplifies the process of deactivating virtual IBANs by enabling you to do so instantly via API, while offering the option of reactivating them at a later date if necessary. Although deleting a virtual IBAN is possible and effective, this deactivation feature may be necessary for you.
In all cases, with Treezor, a separate virtual IBAN can be used for each type of expense, enabling clear categorization of transactions and precise cost analysis.
Here are a few examples of how to use Treezor’s virtual IBANs:
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