Getting started with virtual accounts

Virtual accounts in our system are directly addressable within payment schemes, allowing for direct receipt and disbursement of funds.

These virtual accounts are associated with customers in the Fuse platform. The necessary data to generate a virtual IBAN with a bank is maintained on the customer. Each customer can have multiple virtual accounts.

Your organization will be set up with primary accounts that support virtual IBANs. If you require virtual accounts for specific currencies, please get in touch with Fuse support.

Creating a virtual account using the portal

1.) Create a customer (optional - this can be skipped if a customer already exists)

2.) Create an account

• Select virtual account as the account type
• Select the customer created in point 1

3.) View the account

Creating a virtual account using the API

1.) Create a customer (optional - this can be skipped if a customer already exists)

To create an individual customer, use the following recipe

To create a business customer, use the following recipe

2.) Create an account

The following recipe details how to create a virtual account

3.) View an account

The get account API can be used to get the account.

Here is an example of what a virtual account payload looks like.

{
  "id": "018ff333-4367-79d0-9916-53d48eb59e7c",
  "customer_id": "018ff2e2-af6d-744b-a610-797bfb2e62e7",
  "external_id": "01HZSFG078KRM068Q8AC6K5YM8",
  "account_name": "api virtual",
  "status": "open",
  "current_balance": 0,
  "available_balance": 0,
  "default_details": {
    "iban": "AE798792514781330046144"
  },
  "currency": "AED",
  "account_type": "virtual"
}