Named sub-accounts allow businesses to open multiple virtual IBAN accounts under their main account. Virtual accounts assigned to specific entities, clients, or functions, offer clear oversight without adding operational complexity.
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As payment firms scale, so does operational complexity. Sub-accounts can bring structure without multiple individual banking relationships.
Clearly separate funds for subsidiaries, clients, or specific purposes. With sub-accounts it’s easier to create segregation and control over your business.
Each sub-account has its own IBAN, making it easier to identify incoming payments, track balances, and reconcile activity accurately.
View individual account balances in one place, giving finance and operations teams real-time visibility without losing structure.
Open new sub-accounts as your business evolves, whether that’s onboarding new clients, launching in new markets, or expanding internal operations.
Sub-accounts have a wide range of use cases including for:
All sub-accounts sit within IFX Payments' multi-currency account structure and are subject to usual onboarding requirements.
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Sub-accounts sit within IFX Payments multi-currency infrastructure, giving you access to the following features. You can also limit feature access, depending on the client or purpose. All of this can be discussed during the onboarding phase.
Sub-accounts can access many of the features available to IFX Payments master account holders.
Through working with Tier-1 banking partners, we provide access to over 40 currencies.
Send using Swift, SEPA and FPS (in the UK) payment rails.
We offer competitive rates on FX transfers and can tailor pricing to your payment volumes.
Integrate our capabilities into your existing tech stack using our API.
Find out what they are, how they work, and which types of businesses benefit most from using them.
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Sub-accounts give businesses a practical way to scale without fragmentation. Get in touch to find out how you can add this function to your business through our platform.
