Your company

single or multiple

Monneo

Monneo

single user interface

Banking network

multiple Virtual IBAN's

Monneo issues B2B (Business-to-Business), multi-currency, dedicated Virtual IBAN accounts via leading European banking partners.

Monneo’s dedicated Virtual IBAN account supports incoming and outgoing payments globally through SWIFT, within the Euro Zone by SEPA, and in the United Kingdom by Faster Payments and CHAPS.

Monneo’s Dedicated Virtual IBANs support incoming and outgoing payments in the following currencies:

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What is a Virtual IBAN?

A Virtual IBAN is a regular IBAN operationally. The Virtual IBAN’s issued via Monneo are connected to a safeguarded bank accounts separating client funds from Monneo’s own funds thus securing client funds at all times.

Who can apply for a Virtual IBAN?

Monneo services EEA based, B2B clients (business to business). Monneo does not provide services to B2C (business to customer), C2B (customer to business) or other financial institutions.

Is the Virtual IBAN on my company’s name?

Yes, the Virtual IBAN is issued to your company, on your company’s name. Receiving funds would be to beneficiary: “Your company name LTD”.

What are prohibited industries?

Monneo does not accept clients operating in fields such as: cryptocurrency, unregulated forex, unregulated gaming, offshore/tax heavens etc. Also does Monneo not transact with US domiciles entities or entities with US nationals/residents as UBOs and/or Directors. Clients are reviewed and evaluated case by case by Monneo’s compliance.

Who provides/ issues the Virtual IBAN?

Monneo works with a network of banks that issue the Virtual IBAN’s, the IBAN’s you would receive are issued by banks which Monneo is in partnership with.

Can I obtain a Virtual IBAN from multiple banks?

Yes, based on your business model we would offer you the matching supporting banks, you can then choose with which bank(s) you wish to work with.

Is Monneo financially regulated?

Yes, Monneo is regulated by the Financial Conduct Authority (FCA) in the United Kingdom as an Authorised Payment Institution. Our reference number is: 802210.

What is a safeguarding bank account?

A safeguarding bank account is an account designed to operate client funds only. Client funds cannot be accessed by any third party and are disconnected from Monneo's companies funds. In the unlikely case of any financial defaults by Monneo, the client funds held in the safeguarding bank account are at all times secured.

Go to all FAQ's

SWIFT Payments - EPITGB22 / EPITGB22XXX
SEPA Payments
Faster Payments
CHAPS Payments
BACS Payments
Financial Conduct Authority - FCA
Refinitiv
MasterCard debit card
Emerging Payment Association - EPA
AWS Amazon Web Services
LinkedIn

sales@monneo.com

47, Red Lion Street, London, WC1R 4PF, United Kingdom