---
title: "What is a virtual IBAN and how do customers pay by bank transfer?"
description: "A virtual IBAN is a dedicated bank account number you can give a customer so they pay you by transfer, with no card. Fynex matches the incoming transfer to you automatically."
url: "/docs/accepting-payments/what-is-a-virtual-iban-and-how-do-customers-pay-by-bank-transfer/"
category: "Accepting payments"
---

A **virtual IBAN** is a dedicated bank account number that belongs to you inside Fynex. You give it to a customer, they send a normal **bank transfer** to it — no card needed — and Fynex recognises the incoming payment and credits it to you automatically. It's useful for larger invoices and customers who prefer to pay by transfer.

## How customers pay by bank transfer

- **Virtual IBAN** — share your dedicated IBAN; the customer pays it like any other bank transfer.
- **SEPA** — euro bank transfers across the SEPA area.
- **Open Banking** — the customer authorises a transfer straight from their own bank, often faster than a manual transfer.

All three land as an incoming payment you can reconcile, the same as a card payment.

## When to use it

Bank transfer suits [high-value invoices](/blog/what-a-45k-invoice-costs-to-process/) (no card limits or card fees) and customers who simply prefer transfers. For smaller or one-tap payments, a [payment link](/docs/accepting-payments/how-do-i-create-and-send-a-payment-link/) with cards and wallets is usually quicker.

## Related

- [Which payment methods and currencies can my customers use?](/docs/accepting-payments/which-payment-methods-and-currencies-can-my-customers-use/)