> ## Documentation Index
> Fetch the complete documentation index at: https://docs.business.blaaiz.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Virtual accounts for deposit collection

> Issue dedicated bank accounts to customers for automatic deposit reconciliation

Issue dedicated Virtual Bank Accounts to your customers so they can receive funds directly. When money arrives, Blaaiz credits the associated wallet and sends you a webhook — no manual reconciliation needed.

## How it works

```mermaid theme={null}
sequenceDiagram
    participant Depositor
    participant VIBAN as Virtual Bank Account
    participant Blaaiz
    participant You as Your Platform

    You->>Blaaiz: POST /virtual-bank-account (for customer)
    Blaaiz->>You: Account details (account number, routing, etc.)
    You->>Depositor: Share account details
    Depositor->>VIBAN: Sends funds
    Blaaiz->>You: collection.completed webhook
    You->>You: Credit customer's balance
```

## Step-by-step

1. **Verify the customer** — [Create a customer](/api-reference/customer/create) and verify them. For `type=individual`, follow the standard KYC flow (full KYC is required for GBP, EUR, and USD accounts). For `type=business`, follow the [KYB flow](/guides/kyb/overview) — owners + KYB documents + `/submit`. Note that GBP, USD, and EUR Virtual Bank Accounts currently support `type=individual` only; `type=business` is supported for NGN accounts.
2. **Create the Virtual Bank Account** — Call [Create Virtual Bank Account](/api-reference/virtual-bank-account/create) with your business `wallet_id` and the `customer_id`. For NGN, the account activates instantly. For GBP, EUR, and USD, listen for the [`virtual_account.ready`](/guides/webhooks/virtual-account) webhook.
3. **Share details with your customer** — Display the account number, routing number (USD), sort code (GBP), or IBAN (EUR) in your UI.
4. **Handle deposits** — When funds arrive, Blaaiz sends a `collection.completed` webhook with the amount, sender information, and Virtual Bank Account ID.
5. **Credit your customer** — Use the webhook data to update the customer's balance in your system.

## Supported currencies

| Currency | Account type                  | Activation      |
| -------- | ----------------------------- | --------------- |
| NGN      | Local bank account            | Instant         |
| USD      | ACH account + routing number  | Async (webhook) |
| GBP      | UK sort code + account number | Async (webhook) |
| EUR      | SEPA IBAN + BIC               | Async (webhook) |

<Note>
  Each customer can have one Virtual Bank Account per currency. Use the [Get identification type](/api-reference/virtual-bank-account/get-identification-type) endpoint to determine what TIN label to display in your UI based on the customer's country.
</Note>

## APIs used

* [Create customer](/api-reference/customer/create)
* [Create Virtual Bank Account](/api-reference/virtual-bank-account/create)
* [Get identification type](/api-reference/virtual-bank-account/get-identification-type)
* [Webhook events](/guides/webhooks/events)