Virtual Entity and Accounts Creation video transcript
With Barclays iPortal You can simplify your day-to-day banking
Using Barclays Virtual Accounts. A single point of access to manage your cash operations
- Better visibility of cash
- Simpler reconciliation
- Increased efficiency
To access Barclays Virtual Accounts [Select the “Virtual Accounts” main menu link]
Create a virtual entity to segregate your virtual accounts [Select the “Main menu” button, then select “Account Management” menu item, then select “Virtual Entity” menu item, finally select “Create Virtual Entity”] and complete the form.
View and edit with ease [Select the “Main menu” button, then select “Account Management” menu item, then select “Virtual Entity” menu item, finally select “View/Edit Virtual Entity”]
Flexible management of discrete funds for
- Clients
- Suppliers
- Subsidiaries companies
- Franchises
- Production lines and more tailored to your business and your clients
Once a virtual entity has been set up, you can create a virtual account or multiple accounts at once with a bulk file upload [Select the “Main menu” button, then select “Account Management” menu item, then select “Virtual Account” menu item, finally select “Create Virtual Account”. From the “Virtual Account Creation” page select “Create Single Virtual account” button] and complete the form
Approve via an authorised user and your virtual account will be ready to use within the hour
Your account will have an externally addressable:
- sort code
- account number
- virtual IBAN
to make payments directly from your virtual account and automatically allocate funds.
Open, edit or close virtual accounts anytime with self-serve virtual account management.
An intuitive and customisable, clear visual representation of all your funds
With Barclays iPortal everything just clicks
For further information visit Help & Forms on the iPortal homepage, or view the iPortal videos.
