Virtual Bank Account: ten tips

Virtual Bank Accounts are all the rage. In recent years financial services are seeing a lot of innovation.

Using virtual bank accounts for international money transfer

With B2B Pay you can get your own free virtual bank account in Europe. It comes with its own IBAN number. When money arrives into the account it is sent to your local bank account for a fee of 1% from the mid-market exchange rate, no other costs. This is up to 80% better than what you get with a normal wire transfer, which usually consists of a fixed fee of 30€ and a hidden fee that is factored into the bad exchange rate that the banks give you when converting to your local currency.