> ## Documentation Index
> Fetch the complete documentation index at: https://docs.venlyfinance.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Create a virtual bank account

> Assign a virtual IBAN to an account for fiat pay-ins.

Provisions a virtual bank account. Provide a display `name`, the fiat `inCurrency` to receive (EUR provisions a EUR\_SEPA IBAN), the `targetCryptocurrency` incoming funds convert to, and a unique `idempotencyKey` ([safe retries](/getting-started/conventions#idempotency)). The response includes the IBAN/BIC and a `referenceCode` the payer must quote so the wire is matched to this account.

<Note>The account must be **verified** (and have a linked account-holder party) before a virtual bank account can be created. See [Account verification](/guides/finance/kyc-verification).</Note>


## OpenAPI

````yaml api-reference/Finance-API-Specs.yaml POST /accounts/{accountId}/virtual-bank-accounts
openapi: 3.1.0
info:
  title: Venly Finance API
  description: >
    REST API for the Venly Finance platform:

    - Party management (Individuals & Organisations)

    - Account management with party association

    - Wallet balances & token allowances on supported chains (Base, Avalanche)

    - Virtual bank account assignment for global payments (EUR SEPA)

    - Fiat-to-crypto payment sessions (pay-in)

    - Account-to-account fiat & crypto transfers

    - EIP-2612 permits and payment requests


    ## Authentication


    All endpoints use OAuth2 client credentials. Obtain a token first, then
    include it in every request:


    **Step 1 — Get a token:**

    ```bash

    curl -X POST
    https://login.venly.io/auth/realms/VenlyFinance/protocol/openid-connect/token
    \
      -H "Content-Type: application/x-www-form-urlencoded" \
      -d "grant_type=client_credentials&client_id={CLIENT_ID}&client_secret={CLIENT_SECRET}"
    ```


    **Step 2 — Use the token:**

    ```

    Authorization: Bearer {access_token}

    ```


    Tokens expire after **5 minutes**. Implement refresh logic in your client.
  version: 1.1.0
  contact:
    name: Venly Support
    email: support@venly.io
    url: https://docs.venlyfinance.com
  license:
    name: Proprietary
  x-logo:
    url: https://venlyfinance.com/logo.png
  x-security-contact: security@venly.io
servers:
  - url: https://api.venlyfinance.com/v1
    description: Production
  - url: https://api-staging.venlyfinance.com/v1
    description: Staging
security:
  - OAuth2: []
tags:
  - name: Parties
    description: Party management (Individuals & Organisations)
  - name: Accounts
    description: Account management, party-role associations
  - name: Wallets
    description: Blockchain wallet balances
  - name: Virtual Bank Accounts
    description: Virtual bank account payment references for global payments
  - name: Fiat-to-crypto Payment Sessions
    description: Fiat-to-crypto payment session creation
  - name: Payment Requests
    description: Payment request management for card provider integrations
  - name: Transfers
    description: Fiat and crypto transfer operations between accounts
  - name: Permits
    description: EIP-712 permit signature management for token approvals
  - name: Allowances
    description: Token allowance management for wallets
paths:
  /accounts/{accountId}/virtual-bank-accounts:
    post:
      tags:
        - Virtual Bank Accounts
      summary: Create a virtual bank account
      description: >
        Creates a virtual bank account for the specified account.


        The client provides a display name, the fiat currency to receive
        (inCurrency), and the

        target cryptocurrency for conversion. The backend provisions the
        appropriate bank

        account based on the currency.


        **Requires** the account to be KYC `VERIFIED`.


        **Currently supported:** EUR (provisions a EUR_SEPA account returning
        IBAN/BIC).
      operationId: createVirtualBankAccount
      parameters:
        - $ref: '#/components/parameters/AccountId'
      requestBody:
        required: true
        content:
          application/json:
            schema:
              $ref: '#/components/schemas/CreateVirtualBankAccountRequest'
            example:
              name: EUR Payouts
              inCurrency: EUR
              targetCryptocurrency: USDC
              idempotencyKey: 3fa85f64-5717-4562-b3fc-2c963f66afa6
      responses:
        '201':
          description: Virtual bank account created
          content:
            application/json:
              schema:
                $ref: '#/components/schemas/SingleVirtualBankAccountResponse'
              example:
                success: true
                result:
                  id: 4d5e6f70-8192-4a3b-9c4d-5e6f7081920a
                  accountId: b2a1f0e9-8c7d-4e3a-9f21-0a1b2c3d4e5f
                  bankAccountType: EUR_SEPA
                  name: EUR Payouts
                  status: ACTIVE
                  currency: EUR
                  targetCryptocurrency: USDC
                  iban: DE89370400440532013000
                  bic: DEUTDEDB
                  bankName: Example Bank
                  beneficiaryName: Jane Doe
                  referenceCode: VFY-7K2Q-931
                  createdAt: '2026-01-15T09:30:00'
                  updatedAt: '2026-01-15T09:30:00'
        '400':
          $ref: '#/components/responses/BadRequest'
        '401':
          $ref: '#/components/responses/Unauthorized'
        '403':
          $ref: '#/components/responses/Forbidden'
        '404':
          $ref: '#/components/responses/NotFound'
        '409':
          $ref: '#/components/responses/Conflict'
        '500':
          $ref: '#/components/responses/InternalServerError'
components:
  parameters:
    AccountId:
      name: accountId
      in: path
      required: true
      description: Unique account identifier
      schema:
        type: string
        format: uuid
      example: b2a1f0e9-8c7d-4e3a-9f21-0a1b2c3d4e5f
  schemas:
    CreateVirtualBankAccountRequest:
      type: object
      description: >
        Request to create a virtual bank account. The backend provisions the
        appropriate

        bank account type based on inCurrency (e.g. EUR -> EUR_SEPA).
      required:
        - name
        - inCurrency
        - targetCryptocurrency
        - idempotencyKey
      properties:
        name:
          type: string
          maxLength: 255
          description: Display name for the bank account
        inCurrency:
          type: string
          pattern: ^[A-Z]{3}$
          description: >-
            Fiat currency to receive (ISO 4217). Determines the bank account
            type (EUR -> EUR_SEPA)
        targetCryptocurrency:
          type: string
          pattern: ^[A-Za-z0-9]{2,10}$
          description: Cryptocurrency to convert incoming fiat payments to (e.g. USDC)
        idempotencyKey:
          type: string
          maxLength: 255
          description: Unique key to prevent duplicate operations on retry
      example:
        name: My EUR Deposit Account
        inCurrency: EUR
        targetCryptocurrency: USDC
        idempotencyKey: a1b2c3d4-e5f6-7890-abcd-ef1234567890
    SingleVirtualBankAccountResponse:
      allOf:
        - $ref: '#/components/schemas/BaseResponse'
        - type: object
          properties:
            result:
              $ref: '#/components/schemas/VirtualBankAccount'
    BaseResponse:
      type: object
      properties:
        success:
          type: boolean
          description: Indicates whether the request was successful
    VirtualBankAccount:
      type: object
      description: >
        Virtual bank account for receiving payments. EUR_SEPA accounts return
        iban/bic.
      properties:
        id:
          type: string
          format: uuid
        accountId:
          type: string
          format: uuid
        bankAccountType:
          $ref: '#/components/schemas/BankAccountType'
        name:
          type: string
          description: Display name for the bank account
        status:
          $ref: '#/components/schemas/VirtualBankAccountStatus'
        currency:
          $ref: '#/components/schemas/FiatCurrency'
          description: Fiat currency this account receives
        targetCryptocurrency:
          $ref: '#/components/schemas/Cryptocurrency'
          description: Cryptocurrency that incoming fiat is converted to
        iban:
          type: string
          description: IBAN for EUR_SEPA accounts
          example: DE89370400440532013000
        bic:
          type: string
          description: BIC/SWIFT code for EUR_SEPA accounts
          example: DEUTDEDB
        bankName:
          type: string
          description: Name of the bank
        beneficiaryName:
          type: string
          description: Name of the account beneficiary
        referenceCode:
          type: string
          description: Unique reference code to include in payment transfers
        createdAt:
          type: string
          format: date-time
        updatedAt:
          type: string
          format: date-time
    ErrorResponse:
      type: object
      description: Error response wrapper
      properties:
        success:
          type: boolean
          description: Always false for error responses
          example: false
        errors:
          type: array
          description: List of errors that occurred
          items:
            $ref: '#/components/schemas/ErrorBody'
        result:
          type: object
          nullable: true
          description: Null or omitted when success is false
    BankAccountType:
      type: string
      description: >
        Type of bank account, determining the payment rails.

        Currently only EUR_SEPA is provisioned. Future rails (USD_WIRE, USD_ACH,
        GBP_FPS, …)

        will be added in later releases.
      enum:
        - EUR_SEPA
    VirtualBankAccountStatus:
      type: string
      description: Status of a virtual bank account
      enum:
        - ACTIVE
        - CLOSED
    FiatCurrency:
      type: string
      description: >-
        Supported fiat currencies. Virtual bank accounts currently support EUR
        only.
      enum:
        - EUR
        - GBP
        - USD
    Cryptocurrency:
      type: string
      description: Supported cryptocurrency / stablecoin asset
      enum:
        - USDC
        - EURC
        - USDT
        - USDS
    ErrorBody:
      type: object
      description: Individual error details
      properties:
        code:
          type: string
          description: Machine-readable error code
          example: invalid-request
        message:
          type: string
          description: Human-readable error message
          example: The request contains invalid parameters.
  responses:
    BadRequest:
      description: Request validation failed (400)
      content:
        application/json:
          schema:
            $ref: '#/components/schemas/ErrorResponse'
          example:
            success: false
            errors:
              - code: invalid-request
                message: The request contains invalid parameters.
    Unauthorized:
      description: Authentication required or failed (401)
      content:
        application/json:
          schema:
            $ref: '#/components/schemas/ErrorResponse'
          example:
            success: false
            errors:
              - code: unauthenticated
                message: Please authenticate to perform this action.
    Forbidden:
      description: Caller lacks the required authority/role (403)
      content:
        application/json:
          schema:
            $ref: '#/components/schemas/ErrorResponse'
          example:
            success: false
            errors:
              - code: forbidden
                message: You do not have permission to access this resource.
    NotFound:
      description: Resource not found (404)
      content:
        application/json:
          schema:
            $ref: '#/components/schemas/ErrorResponse'
          example:
            success: false
            errors:
              - code: account-not-found
                message: The requested resource was not found.
    Conflict:
      description: Resource conflict / optimistic-lock failure (409)
      content:
        application/json:
          schema:
            $ref: '#/components/schemas/ErrorResponse'
          example:
            success: false
            errors:
              - code: concurrent-modification
                message: >-
                  This request has been modified by another user. Please refresh
                  and try again.
    InternalServerError:
      description: Unexpected server error (500)
      content:
        application/json:
          schema:
            $ref: '#/components/schemas/ErrorResponse'
          example:
            success: false
            errors:
              - code: internal-error
                message: An unexpected error occurred. Please try again later.
  securitySchemes:
    OAuth2:
      type: oauth2
      description: >
        OAuth2 client credentials flow. Token endpoints:

        - Staging:
        https://login-staging.venly.io/auth/realms/VenlyFinance/protocol/openid-connect/token

        - Production:
        https://login.venly.io/auth/realms/VenlyFinance/protocol/openid-connect/token
      flows:
        clientCredentials:
          tokenUrl: >-
            https://login-staging.venly.io/auth/realms/VenlyFinance/protocol/openid-connect/token
          scopes: {}

````