Business Accounts & IBANs

IBAN & Business Account Software for Payment Firms

We have built and run applications on top of IBANs and bank accounts: accounts in each client’s own name, payments held for review, team logins, statements and confirmation letters. Your account providers issue the accounts and hold the funds; Remitz supplies the software. Book a demo or read about the client projects.

What Is Business Account Software?

Business account software is the layer between a payment firm’s account providers and its business clients. The provider issues the IBAN and moves the money; the software onboards the client, shows them their account, records every payment in and out, applies your review rules and produces the documents clients ask for.

Remitz builds that layer on the same platform as its remittance software. Your firm keeps its authorisation, its provider contracts and its compliance decisions.

What the Software Does

Built for a live client project; each one is confirmed against your providers during scoping.

Client-Named Accounts & IBANs

Request accounts in each client’s own name from your account providers, with a record of every document pack sent and who sent it.

Invoice Hold & Approved Payers

Hold incoming payments until the invoice is uploaded and a reviewer releases them. Approved payers, matched on their account number, skip the hold.

Team Logins & Roles

Give several people at a business their own login and role. Every action records the person behind it, not just the company.

Statements & Confirmation Letters

Clients download statements for any period and numbered account confirmation letters. Each number can be checked later against what was issued.

Account Ledger & Reconciliation

A ledger for every account, reconciled against your provider’s records, showing what is available and what is held.

Fees & Adjustments

Charge a flat or actual bank fee on money in. Corrections are recorded as adjustments with who made them, never disguised as payments.

Client Projects

Two applications we have built on IBANs and bank accounts. Clients are not named.

Live

Cross-Border Payments Business: Client-Named IBAN Accounts

The need. Its business clients needed accounts in their own name in several currencies, more than one person signing in for each company, and documents they could give their own banks and counterparties.

What we built.

Client-named accounts and IBANs from the firm’s account providers, with a record of every document pack sent to a provider.
A ledger for each account, reconciled against the provider.
Incoming payments held until the invoice is uploaded and a reviewer releases them, with approved payers that skip the hold.
Several logins for each business, with roles and the name of the person behind every action.
Statements for any period and numbered account confirmation letters.
Flat or actual bank fees on money in, and recorded ledger adjustments.

Status. Live and in use, on the same platform as the firm’s remittance service.

Built and demonstrated

B2B Accounts Platform with a Money Transfer Website for Each Business

The need. A payments firm wanted business clients to open multi-currency accounts after a compliance review, run payments as a team, and offer money transfer to their own customers under their own brand.

What we built.

Business onboarding with document review and a risk rating before any account opens.
GBP, EUR and USD accounts in each business’s name, opened on approval.
Owner, initiator and viewer roles, with payments approved inside the business.
Incoming payments held until an invoice is reviewed.
A broker portal limited to each broker’s own clients, and mass payments.
Pricing changes that a second staff member must approve, two-factor sign-in for staff, and an audit log that cannot be edited.
A branded money transfer website for each business, on its own web address or domain.

Status. Built and demonstrated end to end against a simulated banking connection. Live use depends on the client’s banking partner connection.

Who Provides What

Your firm: its authorisation or registration, contracts with account providers, client due diligence decisions and safeguarding arrangements.
Your account providers: issue the accounts and IBANs, hold the funds and move the money.
Remitz: the software for onboarding, accounts, ledgers, holds, team access, documents and reporting.

Remitz never holds or controls client money and is not FCA authorised. Bring your provider documentation to a scoping call so we can confirm what a connection supports.

Frequently Asked Questions

Does Remitz issue IBANs?

No. IBANs and accounts are issued by the account providers your firm contracts. Remitz supplies the software that requests, records and runs those accounts; your firm and its providers hold the funds and carry the regulatory responsibility.

Can several people use one business account?

Yes. Each person gets their own login and role, and the platform records which person did what. You can require a business administrator to pass their own identity check before they send money.

How does the invoice hold work?

A payment into a client account is recorded on the ledger but is not available to spend until the invoice behind it is uploaded and a reviewer releases it. Payers you approve once, matched on their account number rather than their name, skip the hold. The money stays with your account provider throughout.

Can business accounts run alongside a remittance service?

Yes. In the live project, business accounts run on the same platform as the operator’s remittance service. How balances and transfers connect for your firm is agreed during scoping.