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Virtual Account Management

You can streamline the management of your operational accounts or multiple clients through our virtual account solution – Barclays Multi Account Platform (BMAP).

  • Cash visibility: Designed to provide a single view of your organisation’s cash across multiple currencies and accounts. With greater control over cash balances across a business, you can make the best use of available liquidity based on actual and expected payments and receipts
  • Improved controls:Dual factor authentication with digital signatures integrated with a flexible approval workflow, segregation of duties, comprehensive access controls and full audit reporting. Creates transparency across the entire cash lifecycle
  • Scales with your business:Designed to easily manage large numbers of virtual accounts on a full service cash management platform without scaling up the people to operate it. Reduces internal administration whilst providing compliance with your regulatory and client requirements.

Is it right for you?

  • You can manage multiple individual accounts on behalf of your business and/or your clients
  • Particularly suitable if you have the need to open large volumes of accounts 
  • You can rationalise the number of bank accounts you hold and open. Plus you can close your own virtual accounts when you need
  • Flexibility to control the amount of interest you pay to your clients.

How it helps you

  • Empowers you to open or close individual virtual accounts without the need to contact us, significantly reducing your administration
  • Provides rules-based transaction allocation so your payments can automatically be made to the relevant virtual 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 exceptions rather than the everyday aspects of the client funds process
  • Allows secure, seamless integration with Barclays' payment services, and the ability to upload files of bulk payments, therefore helping you achieve time efficiencies
  • Provides you with access to a suite of statements, reports and data extracts.

Talk to us

Find out more about Barclays Multi Account Platform 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.

Related products

Barclays iPortal

Barclays iPortal is a new way to bank with Barclays - providing a single point of access to your Barclays Corporate Banking products and services.

Barclays Online Banking

Do all your day-to-day banking at a time and place that suits, and helps you achieve your business aims.

How can we help?

To discuss switching to Corporate Banking at Barclays, call us on: 0800 015 4242 *