The High Cost of Traditional Banking Access
- Legacy Friction: Long account setup times, high fees, and delayed settlements make global operations inefficient.
- Confusing Customer Experience: Payments that arrive from generic entities, rather than your customers’ business, lead to confusion and eroding trust.
- Regulatory Uncertainty: Moving between digital and traditional finance lacks the compliance and transparency required for treasury rigor.
A Single Interface for Global Payments
Conduit’s Virtual Accounts eliminate friction for fintechs, neobanks, payment service providers and for your own banking needs such as corporate treasury, enabling virtual accounts across currencies.| Feature | Description |
|---|---|
| Instant Digital Banking | Open a full-featured USD, EUR* or GBP* bank account in your company’s name or your customer’s name quickly, without requiring a U.S. legal entity or enduring long manual processes. |
| Named Collections & Payouts | Send and receive named payouts via multiple rails (Fedwire, SWIFT and RTP) and execute payments globally across our stablecoin-powered network. |
| Fiat ↔ Stablecoin Interoperability | Seamlessly send, receive, and hold funds in USD, EUR* or GBP* with near-instant conversion to/from stablecoins to maximize speed and efficiency. |
| Regulated Trust & Security | Built with regulatory rigor: accounts are issued through multiple licensed banking partners with full KYC/AML and transparent ledgering. |
| Multi-currency Platform | Access global markets with Virtual IBANS for GBP and EUR and local payment rails for BRL, MXN, CHN, HKD and more. |
How Conduit Virtual Accounts Work
Conduit manages the full lifecycle of onboarding, compliance, and account provisioning.1. Customer Onboarding
Choose one:- Hosted onboarding (KYB link): Send customers to a Conduit-hosted form to submit KYC/KYB.
- Direct onboarding (API-first): Collect the customer’s data in your app and create the customer via API
2. Compliance Review & Activation
Conduit and its regulated banking partners run automated KYC/KYB and AML checks. Once approved, the customer is active and can move money.3. Virtual Account Provisioning
After approval, a Virtual USD, EUR or GBP Account is created and linked automatically (not created directly via API). Each customer gets unique account and routing details for payments. Manage balances, transfers, and reconciliation via API or dashboard.4. Ongoing Management
- Monitor balances and transactions in real time.
- Move between fiat and stablecoins.
- Automate collections, payouts, and reconciliation via webhooks and workflows.
Working with USD Balance in Virtual Accounts
USD Balances enable true US banking like functionality for you and your customers. Now customers can hold USD deposits with custom deposit instructions, view their balance and transactions, and receive funds directly into their named account.Clients vs. Customers:
Clients represent your business and its subsidiaries. Use the client endpoints to view your own USD virtual account balance and to aggregate balances across multiple subsidiaries.
Customers represent your end users. Use the customer endpoints to view individual customer balances and aggregated totals across all customers. Each customer has exactly one virtual account.
Clients represent your business and its subsidiaries. Use the client endpoints to view your own USD virtual account balance and to aggregate balances across multiple subsidiaries.
Customers represent your end users. Use the customer endpoints to view individual customer balances and aggregated totals across all customers. Each customer has exactly one virtual account.
Working with EUR and GBP Balance in Virtual Accounts
EUR and GBP Balances enable true banking functionality with Virtual IBAN wallets for you and your customers. Now customers can hold EUR and GBP deposits with custom deposit instructions, view their balance, and receive funds directly into their named account. EUR and GBP Virtual IBAN wallets is in early availability. Please contact us here to learn more.Launch Your Virtual Account
Open your virtual accounts quickly and move money globally with full visibility and control. Book a demo here.What’s next?
- Learn how to onboard customers: Customer Onboarding
- Understand funding and payouts: Payment Methods
- Learn how to
hold, view, receive deposits, transfer/convert and manage USD balancesin virtual accounts: USD Balances in Virtual Accounts