Dear WaveCrest Business Partner,
We are delighted to announce our new Virtual IBAN service!
Now qualifying Business Partners can add a Virtual International Bank Account Number (IBAN) to their MyChoice account and make bank transfers worldwide to/from their Prefunding Account.
Your Virtual IBAN will enable you to send and receive payments in 24 currencies via SEPA, UK Faster Payments and CHAPS in Europe and the UK, and via SWIFT worldwide. Funding your Prefunding Account via your Virtual IBAN will also allow for faster processing of your funds, as well as giving you the capability to fund your EUR, USD and GBP accounts in other currencies, with attractive currency conversion rates.
For more details on the value a virtual IBAN can add to your account, please click here.
To add Virtual IBAN to your MyChoice account, you will have to submit additional levels of KYB documentation for validation. If you are interested in requesting a Virtual IBAN for your account, please contact WaveCrest’s Partner Validation Team to determine your eligibility by clicking here.
Once you qualify, to ensure your security, details of your IBAN accounts will be delivered through our Business Partner Portal.