Close

Updated Cookies Policy - you'll see this message only once.

Barclays uses cookies on this website. They help us to know a little bit about you and how you use our website, which improves the browsing experience and marketing - both for you and for others. They are stored locally on your computer or mobile device. To accept cookies continue browsing as normal. Or go to the cookie policy for more information and preferences. If you clear your browser history to disable or delete all cookies, your cookie preferences will automatically be reset to accept all cookies. Please go to the cookies policy to make any changes.

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 *