Virtual Account Management Services
You can streamline the management of your operational accounts or multiple clients through our Virtual Account Management Services.
Our services are particularly designed to support large corporates looking for Straight Through Processing (STP) and/or Straight Through Reconciliation (STR) without the expense of a full Treasury Management System (TMS).
Is it right for you?
How it helps you
- Enables you to open or close individual virtual accounts without the need to contact us, significantly reducing administration
- Provides customised virtual account structures and rules-based transaction allocation so payments can automatically be made to the relevant individual client account
- Offers you the ability to maximise interest returns and receive documentary evidence to show the returns earned from each account
- Makes it possible for your business to manage only irregularities rather than the everyday aspects of the client funds process
- Allows secure, seamless integration with Barclays payment services, eliminating the need to re-key information and so providing time savings and reducing errors
- Provides you with automatically generated client statements and reports
- Enables you to investigate and resolve your client queries more quickly, so building loyalty
- Helps you to reduce your business risk
If this product isn’t right for you, try the related products below.
Important information
The products referred to in this webpage are subject to separate terms and conditions.
Talk to us
Find out more about our Virtual Account Management Services by talking to your Relationship Director.
New to Barclays? Our experienced UK-based team can listen to your business need, offer assistance on-the-spot or put you in touch with the right specialist at Barclays. Call us on
0800 015 4242*
Alternatively we can call you back or you can email us with your query.
How can we help?
If you are new to Corporate Banking at Barclays, call us on: 0800 015 4242*
Existing client?