Key Insights
- Virtual IBANs support international payments and offer advanced account management
- They enable region-specific access to payment networks, reducing transfer and FX fees
- Easykonto offers flexible virtual IBAN solutions for Denmark-based and international businesses
What Are Virtual IBANs?
A Virtual IBAN (International Bank Account Number) acts as a digital routing address for incoming payments, allowing businesses to receive funds globally without maintaining multiple physical accounts. Unlike standard IBANs tied to a single account, virtual IBANs allow businesses to streamline incoming payments by assigning different IBANs to different clients, currencies, or use cases.
This makes it ideal for businesses that:
- Operate in multiple currencies
- Need to track payments from various sources
- Want to simplify reconciliation
How Do Virtual IBANs Work in Denmark?
Denmark has supported IBANs since the early 2000s, enabling seamless international transfers. A Danish IBAN typically looks like this:
DK50 0040 0440 1162 43
- DK – Country code (Denmark)
- 50 – Check digits
- 0040 – Bank code
- 0440116243 – Account number
Virtual IBANs follow the same structure but are mapped to a master account. This allows Danish businesses to receive payments as if they had local accounts in multiple regions—without physically opening accounts abroad.
Benefits of Virtual IBANs for Businesses
- Multi-currency management: Receive and hold funds in multiple currencies without forced conversion
- Cost savings: Reduce transfer and exchange rate fees by using local routes
- Enhanced control: Assign virtual IBANs per customer, region, or purpose
- Faster onboarding: Virtual IBANs can be set up quicker than traditional accounts
- Improved reconciliation: Separate payment sources simplify bookkeeping
How to Find and Use Your Virtual IBAN
If you’re receiving payments, your virtual IBAN can be found in your easykonto dashboard. Share this IBAN with clients or partners to receive money.
If you’re sending money, request the recipient's IBAN. Double-check it to avoid errors, and use IBAN validation tools to confirm.
Note: It’s safe to share your virtual IBAN — it can only be used to receive payments, not withdraw funds.
Why Choose easykonto for Virtual IBANs?
easykonto offers a streamlined platform to manage virtual IBANs with ease:
- Receive funds in over 30 currencies
- Simplify international betaling (international payments)
- Stay compliant with Danish and EU regulations
- Get transparent pricing and no hidden fees
- Enjoy local support, fast onboarding, and scalable solutions
In easykonto, we make it easy to bank globally—without the hassle of traditional setups.
Get Started Today
Whether you're a startup, freelancer, or growing SME, virtual IBANs from easykonto help you:
- Cut banking costs
- Improve financial operations
- Manage cross-border flows efficiently
Open your free business account online today and access flexible virtual IBANs tailored to your needs.