Virtual Accounts

Align Virtual Accounts are permanent, reusable fiat deposit and payout bank accounts that streamline both sides of the fiat-crypto lifecycle.

Named Virtual Accounts allow your users to collect (on-ramp) funds into a named bank account and pay-out (off-ramp) funds from a named bank account. Virtual accounts are used for routing and do not store balances on accounts.

How It Works

1

On-Ramps (Pay-Ins)

Source

• Customers deposit fiat into a dedicated virtual account.

• Every deposit is automatically converted into crypto (e.g., USDC, USDT) and delivered to a specified destination such as a wallet address, exchange account, or payment flow.

2

Off-Ramps (Pay-Outs)

Source

• Convert crypto back into fiat and deliver funds to local bank accounts.

• Support for named payments ensures clear reconciliation and traceability for recipients.

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Key Capabilities

• Multi-Currency Support

  • Accept and pay out in major fiat currencies, including USD, EUR, and AED, with more currencies planned.

  • Each currency provides local banking details like account numbers, routing codes, or IBANs for fast and cost-effective transfers.

• Local Banking Rails

  • USD ACH/Wire Accounts: Named U.S. account number and routing number for ACH or wire transfers.

  • USD SWIFT Accounts: Named IBAN for deposits and payouts.

  • EUR Accounts: IBAN for deposits and payouts via SEPA across Europe.

  • AED Accounts: Named IBAN for deposits and payouts via UAEFTS within the UAE.

• Permanent & Reusable

  • Once assigned to a customer, virtual accounts remain persistent for all future deposits or payouts, reducing operational complexity and payment friction.

Last updated 12 days ago