Providing virtual IBANs through a network of banks
Monneo is a virtual IBAN provider, committed to working in partnership with International, European and UK banks to break down legacy barriers and connect eCommerce merchants with global, digital, banking network.
Our single platform interface consolidates the management of all your IBAN accounts and provides access to a trusted network of leading European and International banks.
Our years of experience and vast industry knowledge means we’re able to support our partners and free them from the constraints of offering digital banking services to eCommerce merchants.
A Virtual IBAN is a regular bank account operationally. The Virtual IBAN’s provided by Monneo are connected to safeguarded bank accounts held at well established, European and International banking institutions.
Yes, vIBAN is the same as Virtual IBAN. The vIBAN's provided by Monneo are connected to safeguarded bank accounts held at well established, European and International banking institutions.
The dedicated Virtual IBAN will have your "Company Name Ltd" as beneficiary name/ account holder name.
Monneo provides services to companies, not to individuals.
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.
Monneo works with a network of well established European and International banks that issue the Virtual IBAN’s.
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.
Yes, Monneo is regulated by the Financial Conduct Authority (FCA) in the United Kingdom as an Authorised Payment Institution. Our reference number is: 802210.
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