EST. 2012 CODEGO GROUP LTD · MALTA VIRTUAL IBAN PROVIDER LOCAL IBAN · 15 COUNTRIES SEPA · SEPA INSTANT · SWIFT · 21 CURRENCIES PCI DSS CERTIFIED 2025 IBAN AS A SERVICE · API FIRST MULTI-CURRENCY · 12 FIAT DEDICATED vIBAN PER CUSTOMER $1.1BN PROCESSED 2025 EST. 2012 CODEGO GROUP LTD · MALTA VIRTUAL IBAN PROVIDER LOCAL IBAN · 15 COUNTRIES SEPA · SEPA INSTANT · SWIFT · 21 CURRENCIES PCI DSS CERTIFIED 2025 IBAN AS A SERVICE · API FIRST MULTI-CURRENCY · 12 FIAT DEDICATED vIBAN PER CUSTOMER $1.1BN PROCESSED 2025

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Codego · Virtual IBAN Provider · est. 2012 Vol. XIV · Product brief / vIBAN ● Live · 15 local markets · API first

Virtual IBAN provider.
Issue local IBANs
in 15 countries via API.

Q: What is a virtual IBAN?

A virtual IBAN (vIBAN) is a unique account number issued programmatically — typically via API — that behaves exactly like a regular IBAN for receiving and sending payments. Unlike a pooled or shared IBAN, each virtual IBAN is assigned exclusively to one customer or entity, enabling precise reconciliation. Codego issues fully functional local virtual IBANs in 15 countries.

Q: What is the difference between a virtual IBAN and a dedicated IBAN?

The terms are often used interchangeably, but the key distinction is exclusivity. A dedicated IBAN is permanently assigned to one account holder. A virtual IBAN may refer to the same concept, or in some architectures to a receive-only alias that routes funds to a pooled master account. Codego issues fully dedicated IBANs: one unique IBAN per customer, with a real local account balance — not just a routing alias.

Q: In which countries can Codego issue a local IBAN?

Codego issues local IBANs in 15 countries: France (FR·EUR), Spain (ES·EUR), Germany (DE·EUR), Luxembourg (LU·EUR), United Kingdom (GB·GBP), United States (US·USD), Canada (CA·CAD), Australia (AU·AUD), Liechtenstein (LI·CHF), Sweden (SE·SEK), Norway (NO·NOK), Denmark (DK·DKK), Poland (PL·PLN), Czechia (CZ·CZK) and Hungary (HU·HUF).

Q: How quickly can I issue a virtual IBAN via the API?

Codego IBAN API issues a unique local IBAN in seconds via a single REST call. Once your programme is live — which typically takes less than 15 days from integration to production — you can create as many IBANs as you need, instantly, at scale.

Q: Which currencies and payment rails are supported?

Codego virtual IBANs support multi-currency accounts in 12 currencies: EUR, GBP, USD, AUD, CAD, CHF, CZK, DKK, HUF, NOK, PLN and SEK. Payment rails cover SEPA, SEPA Instant and SWIFT in 21 currencies: AED, AUD, CAD, CHF, CNH, CZK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SAR, SEK, SGD, TRY, USD and ZAR.

Q: Do I need my own payment institution licence to issue IBANs?

No. Codego provides IBAN as a Service under its own licensed infrastructure. As a partner — a PSP, EMI, marketplace or fintech platform — you access the IBAN issuance API and payment rails through a partnership agreement, without needing your own banking or payment institution licence. Codego handles the regulatory framework, KYC/AML workflows and compliance obligations.

Give every customer a dedicated local IBAN in their own market — a French IBAN in France, a German IBAN in Germany, a UK account number in Britain, a US account in the States. Codego's licensed IBAN as a Service platform issues a unique vIBAN per customer in seconds via a single REST API call. 15 countries, 12 currencies, SEPA / SEPA Instant / SWIFT in 21 currencies — from integration to live product in less than 15 days.

Open programme Read the API docs

(A) Local IBAN markets: 15countries
(B) Account currencies: 12fiat currencies
(C) SEPA & SWIFT rails: 21currencies
(D) Time to live: <15days

Local IBAN coverage · 15 markets

Europe, UK, North America and Oceania

15 countries

Multi-IBAN, in every
local market.

Stop forcing customers into a foreign account number. Codego issues local IBANs in 15 countries across Europe, the UK, North America and Oceania. A French IBAN starting with FR for customers in France. A Spanish IBAN starting with ES in Spain. A GB sort-code account in the UK. A US ACH account number in the States. Local presence everywhere, one API.

France

FR · EUR

Spain

ES · EUR

Germany

DE · EUR

Luxembourg

LU · EUR

United Kingdom

GB · GBP

United States

US · USD

Canada

CA · CAD

Australia

AU · AUD

Liechtenstein

LI · CHF

Sweden

SE · SEK

Norway

NO · NOK

Denmark

DK · DKK

Poland

PL · PLN

Czechia

CZ · CZK

Hungary

HU · HUF

SEPA, SEPA Instant & SWIFT in 21 currencies: AED, AUD, CAD, CHF, CNH, CZK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SAR, SEK, SGD, TRY, USD, ZAR.

Virtual IBAN vs dedicated IBAN

Understanding the difference — key for featured snippet SEO

2 types explained

Virtual IBAN vs
dedicated IBAN.

The terms virtual IBAN and dedicated IBAN are often used interchangeably, but the distinction matters for architects and compliance teams.

Feature	Virtual IBAN (routing alias)	Dedicated IBAN (Codego)
Account ownership	Routes to pooled master account	Unique account per customer
Balance segregation	Logical / software only	Physical ledger per IBAN
Regulatory simplicity	Complex — pooling rules apply	Clean — one IBAN, one entity
Outbound payments	Often receive-only	Full inbound & outbound
Reconciliation	Manual matching required	Automatic per-IBAN ledger
Issuance speed	Seconds	Seconds via REST API

Codego issues fully dedicated IBANs — not just routing aliases. Each IBAN is backed by a real local account with its own balance, statement and payment capability. Learn more in our glossary: Virtual IBAN vs Dedicated IBAN · How IBAN issuance works.

Virtual IBAN API capabilities

Everything you need to issue IBANs at scale

6 capabilities

Full IBAN stack,
composable via API.

Codego IBAN as a Service gives PSPs, EMIs, marketplaces and fintech platforms direct access to licensed IBAN infrastructure through a clean REST API. Issue IBANs, move money across rails, onboard customers and reconcile at scale — as a single integration.

A · Issue IBANs

Issue via API · seconds

A single REST call issues a unique local IBAN per customer in seconds. Virtual IBAN API supports both individual and business account types. Sandbox available. Full API docs at developers.codegotech.com.

B · Multi-currency

12 account currencies

Each multi-currency IBAN can hold balances in EUR, GBP, USD, AUD, CAD, CHF, CZK, DKK, HUF, NOK, PLN and SEK. One customer, multiple currency pockets, one API surface.

C · Payment rails

SEPA · SEPA Instant · SWIFT

Full inbound and outbound processing across SEPA, SEPA Instant and SWIFT in 21 currencies: AED, AUD, CAD, CHF, CNH, CZK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SAR, SEK, SGD, TRY, USD, ZAR.

D · Reconciliation

Per-IBAN account segmentation

Every dedicated IBAN has its own ledger, statement and balance. Automatic reconciliation — no manual matching of pooled-account inflows. Real-time transaction events via webhooks.

E · KYC / KYB

Built-in compliance

Codego handles KYC/KYB onboarding flows, AML screening, PEP & sanctions checks and PSD2 SCA. Partners define their risk policy; Codego systems enforce it. No need for a separate KYC vendor.

F · Webhooks

Real-time event streams

Subscribe to payment received, IBAN created, KYC approved and dozens of other events via webhook. Build reactive workflows — notify customers, trigger downstream systems, automate reconciliation — without polling.

Who uses virtual IBAN issuance

PSPs · EMIs · marketplaces · crypto · payroll · treasury

6 verticals

Built for builders
at scale.

Any platform that needs to hold, route or account for money on behalf of multiple end-users is a natural fit for IBAN as a Service. Here are the six verticals that rely on Codego virtual IBAN infrastructure most heavily.

01 · PSPs

Payment service providers

PSPs use virtual IBAN API to assign a unique receive account to every merchant. Payments arrive against the merchant's own local IBAN — zero ambiguity, no manual reconciliation. Fund collection and settlement all in one platform.

02 · EMIs

Electronic money institutions

EMIs extending into new local markets issue local IBANs in France, Germany, Spain, the UK and beyond without needing a local banking licence in each country. Codego's licensed infrastructure covers the regulated layer.

03 · Marketplaces

B2B & B2C marketplaces

Marketplaces issue a dedicated vIBAN per seller. Buyers pay into the seller's IBAN directly — Codego ledger splits and routes funds instantly. Escrow, split-pay and delayed settlement all supported via the API.

04 · Crypto exchanges

Crypto & Web3 platforms

Crypto exchanges and DeFi platforms issue a multi-currency IBAN per user to accept EUR, GBP, USD and other fiat on-ramps via SEPA and SWIFT. Clean fiat-to-crypto flow, no co-mingled pooled account risk.

05 · Payroll

Payroll & HR platforms

Payroll providers issue a dedicated IBAN per employee across 15 local markets. Salary disbursed in the employee's local currency via SEPA Instant or SWIFT. Same platform, every country.

06 · Treasury

Corporate treasury

Corporates operating across Europe, the UK and North America use Codego virtual IBANs to segment cash pools by entity, project or cost centre. Full SWIFT coverage, 12 currencies, real-time ledger visibility via API.

Certified networks & standards

PCI DSS · ISO · SEPA · SWIFT · Faster Payments

9 standards

Top integrations.

+ more

Frequently asked

Six questions about virtual IBAN and IBAN as a Service

6 Q&A

Virtual IBAN FAQ.

Q1.What is a virtual IBAN?

A virtual IBAN (vIBAN) is a unique account number issued programmatically — typically via API — that behaves exactly like a regular IBAN for receiving and sending payments. Unlike a pooled or shared IBAN, each virtual IBAN is assigned exclusively to one customer or entity, enabling precise reconciliation. Codego issues fully functional local virtual IBANs in 15 countries.

Q2.What is the difference between a virtual IBAN and a dedicated IBAN?

The terms are often used interchangeably, but the key distinction is exclusivity. A dedicated IBAN is permanently assigned to one account holder with its own balance and ledger. A virtual IBAN in some architectures is a receive-only alias routing funds to a pooled master account. Codego issues fully dedicated IBANs: one unique IBAN per customer with a real local account balance — not just a routing alias. Full inbound and outbound payments supported.

Q3.In which countries can Codego issue a local IBAN?

Codego issues local IBANs in 15 countries: France (FR·EUR), Spain (ES·EUR), Germany (DE·EUR), Luxembourg (LU·EUR), United Kingdom (GB·GBP), United States (US·USD), Canada (CA·CAD), Australia (AU·AUD), Liechtenstein (LI·CHF), Sweden (SE·SEK), Norway (NO·NOK), Denmark (DK·DKK), Poland (PL·PLN), Czechia (CZ·CZK) and Hungary (HU·HUF).

Q4.How quickly can I issue a virtual IBAN via the API?

Codego IBAN API issues a unique local IBAN in seconds via a single REST call. Once your programme is live — which typically takes less than 15 days from integration to production — you can create as many IBANs as you need, instantly, at scale. A full sandbox environment is available for development and testing before going live.

Q5.Which currencies and payment rails does Codego support?

Codego virtual IBANs support multi-currency accounts in 12 currencies: EUR, GBP, USD, AUD, CAD, CHF, CZK, DKK, HUF, NOK, PLN and SEK. Payment rails cover SEPA, SEPA Instant and SWIFT in 21 currencies: AED, AUD, CAD, CHF, CNH, CZK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SAR, SEK, SGD, TRY, USD and ZAR.

Q6.Do I need my own payment institution licence to issue IBANs?

No. Codego provides IBAN as a Service under its own licensed infrastructure. As a partner — a PSP, EMI, marketplace or fintech platform — you access the virtual IBAN API and payment rails through a partnership agreement, without needing your own banking or payment institution licence in each country. Codego handles the regulatory framework, KYC/AML workflows, compliance obligations and transaction monitoring.

Get started with virtual IBAN

Response within 24 hours · banking@codegotech.com

Form · 7 steps

Issue virtual IBANs
on our infrastructure.

One integration. 15 local markets. Issue a unique virtual IBAN per customer in seconds — local accounts in France, Spain, Germany, UK, US, Canada, Australia and more on Codego's licensed, PCI‑DSS certified IBAN as a Service platform.

Codego Group LTD · Malta · Est. 2012
EUIPO 018922174 · PCI DSS by Adsigo, 2025

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API documentation

Sandbox, REST API reference and integration guides for virtual IBAN issuance and payment rails.

API docs Contact sales

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Other parts of the Codego banking-infrastructure stack

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exploring.

A · Full BaaS

Virtual IBAN provider. Issue local IBANs in 15 countries via API.

Multi-IBAN, in everylocal market.

Virtual IBAN vsdedicated IBAN.

Full IBAN stack,composable via API.