# Tell me more about Virtual Accounts **URL:** \ **Category:** ⚙️ API\ **Created:** [April 13, 2021, 8:00pm UTC](https://community.rapyd.net/t/tell-me-more-about-virtual-accounts/165 "2021-04-13T20:00:15Z")\ **Posts on this page:** 12\ **Page:** 1
**Author:** ![Angela](https://sea2.discourse-cdn.com/flex016/user_avatar/community.rapyd.net/angela/32/58_2.png) [@Angela](https://community.rapyd.net/u/Angela)\ **Post date:** [April 13, 2021, 8:00pm UTC](https://community.rapyd.net/t/tell-me-more-about-virtual-accounts/165/1 "2021-04-13T20:00:16Z")
I am developer working on a treasury project and we are looking at virtual account solutions specifically IBANS. What are the use cases? How would I get started? ---
**Author:** ![brendanm](https://sea2.discourse-cdn.com/flex016/user_avatar/community.rapyd.net/brendanm/32/13_2.png) [@brendanm](https://community.rapyd.net/u/brendanm)\ **Post date:** [April 13, 2021, 10:14pm UTC](https://community.rapyd.net/t/tell-me-more-about-virtual-accounts/165/2 "2021-04-13T22:14:19Z")
Hi Angela, Welcome to the community. The most common use case for VAs is Collect on an invoice for a local or cross-border payment. e.g. Provide an IBAN to one of your European customers to pay their invoice out of their European account. We also have some clients using them to keep an ewallet topped up so users can easily transfer funds into a wallet account from their bank account. There is a use case doc here on it to help get you started - [Bank Accounts](https://docs.rapyd.net/build-with-rapyd/docs/bank-accounts-issuing) ---
**Author:** ![brendanm](https://sea2.discourse-cdn.com/flex016/user_avatar/community.rapyd.net/brendanm/32/13_2.png) [@brendanm](https://community.rapyd.net/u/brendanm)\ **Post date:** [April 23, 2021, 6:17pm UTC](https://community.rapyd.net/t/tell-me-more-about-virtual-accounts/165/3 "2021-04-23T18:17:51Z")
@vaibhavk @joelyarbrough @helcionobre can talk about more about Virtual account benefits and what Rapyd can do. ---
**Author:** ![helcionobre](https://sea2.discourse-cdn.com/flex016/user_avatar/community.rapyd.net/helcionobre/32/42_2.png) [@helcionobre](https://community.rapyd.net/u/helcionobre)\ **Post date:** [April 23, 2021, 9:04pm UTC](https://community.rapyd.net/t/tell-me-more-about-virtual-accounts/165/4 "2021-04-23T21:04:02Z")
@Angela @brendanm You can use Rapyd rails to issue virtual IBANs. Virtual IBANs are mostly used to receive bank payments/deposits/transfers from your customers. To Issue a virtual IBAN, you should check our documentation [Issued Bank Account Number Object](https://docs.rapyd.net/build-with-rapyd/reference/issued-bank-account-number-object) Thanks. ---
**Author:** ![Dev\_Macy1](https://sea2.discourse-cdn.com/flex016/user_avatar/community.rapyd.net/dev_macy1/32/59_2.png) [@Dev\_Macy1](https://community.rapyd.net/u/Dev_Macy1)\ **Post date:** [April 23, 2021, 9:11pm UTC](https://community.rapyd.net/t/tell-me-more-about-virtual-accounts/165/5 "2021-04-23T21:11:00Z")
Currently are VA only available for IBANs in Europe or are there other markets Rapyd offers Virtual Accounts? ---
**Author:** ![vaibhavk](https://sea2.discourse-cdn.com/flex016/user_avatar/community.rapyd.net/vaibhavk/32/38_2.png) [@vaibhavk](https://community.rapyd.net/u/vaibhavk)\ **Post date:** [April 24, 2021, 2:30am UTC](https://community.rapyd.net/t/tell-me-more-about-virtual-accounts/165/6 "2021-04-24T02:30:12Z")
Hi @Dev_Macy1 , at the moment we only have IBANS available in EU for integration. We also have an exciting roadmap for Q2 and Q3 2021 to expand our network and offer Virtual Account in Singapore, Mexico, Indonesia and USA. ---
**Author:** ![joelyarbrough](https://sea2.discourse-cdn.com/flex016/user_avatar/community.rapyd.net/joelyarbrough/32/22295_2.png) [@joelyarbrough](https://community.rapyd.net/u/joelyarbrough)\ **Post date:** [April 25, 2021, 1:55pm UTC](https://community.rapyd.net/t/tell-me-more-about-virtual-accounts/165/7 "2021-04-25T13:55:52Z")
@Dev_Macy1 - the term “IBAN” refers to the international bank account number format, and we only offer “IBAN Format” virtual accounts in Europe and the UK at the moment. These are available via our “ISSUING” product (link below) We do offer virtual accounts to collect funds in Singapore, Indonesia, Korea, and Japan as well now, which are available via our “COLLECT” product (link below): Issuing: [Bank Accounts](https://docs.rapyd.net/build-with-rapyd/docs/bank-accounts-issuing) Collect: [Bank Transfers](https://docs.rapyd.net/build-with-rapyd/docs/bank-transfers) Note, we’ll be adding some of the Collect variants to Issuing in 2Q and 3Q to give you more flexibility in how you use Virtual Accounts, as well as adding _many_ more countries and currencies soon. ---
**Author:** ![CharlesDorsett](https://sea2.discourse-cdn.com/flex016/user_avatar/community.rapyd.net/charlesdorsett/32/47_2.png) [@CharlesDorsett](https://community.rapyd.net/u/CharlesDorsett)\ **Post date:** [June 2, 2021, 8:12am UTC](https://community.rapyd.net/t/tell-me-more-about-virtual-accounts/165/8 "2021-06-02T08:12:55Z")
You asked how to get started, so I have a few tips: 1. Create a wallet. 2. Issue a bank account number to the wallet. 3. Use an outside bank to transfer funds directly to that IBAN number. Note that the currency must be the currency of the IBAN. You can issue multiple IBANs to the wallet, each in a different currency that Rapyd supports. Our teams are constantly widening our offerings, so if you don’t find what you need, contact [Client Support](https://support.rapyd.net). ---
**Author:** ![Alan](https://sea2.discourse-cdn.com/flex016/user_avatar/community.rapyd.net/alan/32/1283_2.png) [@Alan](https://community.rapyd.net/u/Alan)\ **Post date:** [January 23, 2022, 10:45pm UTC](https://community.rapyd.net/t/tell-me-more-about-virtual-accounts/165/9 "2022-01-23T22:45:39Z")
Hi folks, we’re launching in Europe starting with Germany, Austria and Switzerland. What is the maximum value of funds that I can pass through an IBAN? ---
**Author:** ![drew.harris](https://sea2.discourse-cdn.com/flex016/user_avatar/community.rapyd.net/drew.harris/32/1259_2.png) [@drew.harris](https://community.rapyd.net/u/drew.harris)\ **Post date:** [January 24, 2022, 4:28pm UTC](https://community.rapyd.net/t/tell-me-more-about-virtual-accounts/165/10 "2022-01-24T16:28:30Z")
Hey @Alan, At this time we don’t offer virtual IBAN in Austria, and Switzerland. We do in Germany and there is no real limitation on our side. There can be a limitation on the sender depending on how he makes the payment but that’s out of Rapyds scope. Hope this helps. ---
**Author:** ![Alan](https://sea2.discourse-cdn.com/flex016/user_avatar/community.rapyd.net/alan/32/1283_2.png) [@Alan](https://community.rapyd.net/u/Alan)\ **Post date:** [January 24, 2022, 8:43pm UTC](https://community.rapyd.net/t/tell-me-more-about-virtual-accounts/165/11 "2022-01-24T20:43:48Z")
Austria is on the Euro, so presumably we could use a German IBAN to receive Euros? Swiss Francs (CHF) is listed here [Virtual Account Numbers](https://docs.rapyd.net/build-with-rapyd/docs/bank-accounts-issuing). Is there a timeframe for it coming online? ---
**Author:** ![Community\_Team](https://avatars.discourse-cdn.com/v4/letter/c/46a35a/32.png) [@Community\_Team](https://community.rapyd.net/u/Community_Team)\ **Post date:** [February 10, 2022, 8:42pm UTC](https://community.rapyd.net/t/tell-me-more-about-virtual-accounts/165/12 "2022-02-10T20:42:55Z")
hi @Alan, checked in with our product manager. The country codes on the left would be most relevant and the available currencies right. These are live so payments can be accepted with all the currencies, going into the VAs in Germany and Denmark.