Virtual IBAN definition

Virtual IBAN means an IBAN reference issued by a bank to allow incoming payments to be rerouted to a different, physical bank account.
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Virtual IBAN means an identifier causing payments to be redirected to a payment account identified by an IBAN different from that identifier.
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Virtual IBAN means the International Bank Account Number assigned to a Client Payment Account.
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Examples of Virtual IBAN in a sentence

  • The bank account details (e.g. IBAN, Virtual IBAN, etc.) We provide to You in the Soldo Client, belong to Us and shall be used for the sole purpose of depositing funds in Your Soldo Account.

  • The Users shall complete Payment Orders for effecting transfers from their ZEN Account by providing the correct IBAN, Virtual IBAN or other such unique identifier (as may be applicable depending on the payment method used) as well as the full name or legal title of the Payee and other details about the Payee and the underlying transaction (such as the purpose of payment, if necessary).

  • When using Virtual IBAN to make and receive payments on behalf of your payment service users, you acknowledge and confirm that you are acting as payment service provider of ei- ther the payer or the payee and we confirm that we are acting as intermediary provider within the meaning of the WTR.

  • The Virtual IBAN is a product enabling your reconciliation of incoming and outgoing pay- ments on your Payment Accounts.

  • You must notify Banking Circle imme- diately in case of closing of a payment account held in the name of your pay- ment service user by you and associ- ated to a Virtual IBAN and ensure that that Virtual IBAN is cancelled.

  • Therefore, payment details using Multi-currency Virtual IBAN account could contain information related to Banking Circle (for example SWIFT, BIC and etc.).

  • None of your payment service users will be able to make Instructions on your Settlement Account or Nostro/Vostro Accounts associ- ated with the Virtual IBANs despite the fact that the Virtual IBAN may be quoted with their name in the payment message.

  • Information regarding incoming and outgoing payments made using the Virtual IBAN are accessible in the Internet Bank, along with other transaction details.

  • When sending a payment using the Virtual IBAN, you must provide all the information necessary for Banking Cir- cle to comply with its obligations under the WTR.

  • None of your payment service users will be able to make Instruction on your Settlement Account or Nostro/Vostro Accounts associ- ated with the Virtual IBANs despite the fact that the Virtual IBAN may be quoted with their name in the payment message.


More Definitions of Virtual IBAN

Virtual IBAN means the International Bank Account Number assigned to a Client E-Money Account.
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Virtual IBAN means the unique identifiers consisting of a combination of letters and numbers in the form of an international bank account number.
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Virtual IBAN means a virtual IBAN which may be issued by FAB and allocated to your Prepaid Card which can be used exclusively to make WPS Payments or other payment that will result in a Loading of your Prepaid Card.
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Related to Virtual IBAN

  • Harbour Master means the ABP Harbour Master or Dock Master for the Port (as appropriate) or their authorised representative;

  • Front Yard means the yard extending across the full width of the lot between the front lot line and the nearest part of any building or structure on the lot.

  • townsite in relation to the townsite to be established near the harbour means a townsite (whether or not constituted and defined under section 10 of the Land Act) primarily to facilitate the Company’s operations in and near the harbour and for employees of the Company and in relation to the mining areas means such a townsite or townsites or any other townsite or townsites which is or are established by the Company for the purposes of its operations and employees on or near the mining areas in lieu of a townsite constituted and defined under section 10 of the Land Act;