Overview

Virtual Accounts allow businesses to assign unique bank account numbers to customers, enabling seamless tracking, automated reconciliation, and instant payment identification.

Key Benefits

• Scalable Setup: Create, manage, and close thousands of virtual accounts
• Reconciliation: Instantly identify the source of incoming payments without manual effort.
• Faster Payment Matching: Reduce operational delays by mapping incoming funds to customer records in real-time.
• Localized Experience: Assign bank accounts in the customer's local currency and geography.

How It Works

• Generate a Virtual Account for a customer or transaction.
• Customer transfers funds to the assigned Virtual Account.
• Finmo captures the incoming payment, auto-links it to the customer.
• Funds are available for reconciliation, payout, or settlement.

Create a Virtual Account

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Information

Always link Virtual Accounts to customer records for easier reconciliation.

Set an expiry date for one-time-use Virtual Accounts (optional but safer).