Understanding your Virtual IBAN (vIBAN) for transfers
When you make or receive international transfers through TransferGo, you may be provided with a virtual IBAN (vIBAN).
A vIBAN works much like a regular IBAN, but instead of representing a standalone bank account, it is a unique identifier linked to your TransferGo Account.
It allows you to receive money in your name, in a specific currency, and helps TransferGo route funds quickly and accurately.
Who issues your vIBAN for EUR?
Your vIBAN is issued and managed by LHV Pank, a licensed Estonian credit institution regulated by the Bank of Estonia (Eesti Pank).
LHV Pank works with TransferGo to provide certain banking services, including the generation of vIBANs used for sending and receiving transfers.
Who issues your vIBAN for PLN?
Your vIBAN is issued and managed by Santander Bank Polska S.A., a licensed Polish credit institution regulated by Poland’s financial regulator (Komisja Nadzoru Finansowego).
Santander Bank Polska S.A. works with TransferGo to provide certain banking services, including the generation of vIBANs used for sending and receiving transfers.
Who issues your vIBAN for USD?
Your vIBAN is issued and managed by Santander Bank Polska S.A., a licensed Polish credit institution regulated by Poland’s financial regulator (Komisja Nadzoru Finansowego).
Santander Bank Polska S.A. works with TransferGo to provide certain banking services, including the generation of vIBANs used for sending and receiving transfers.
Who issues your vIBAN for GBP?
Your vIBAN is issued and managed by LHV Bank Limited, authorised as a financial institution by the Prudent Regulation Authority. LHV Bank works with TransferGo to provide certain banking services, including the generation of vIBANs used for sending and receiving transfers.
What this means for you
Because your vIBAN is provided through these banks, please note that:
- • Some services are subject to their jurisdiction and regulation.
- • Your TransferGo Account continues to function as normal; however, payments made to or from your vIBAN follow rules that apply to their bank accounts.
- • This setup helps TransferGo offer fast, reliable, and local-style transfers in euros (EUR), Polish Zloty (PLN), US Dollar (USD) and British pound (GBP).
Important to note: Even though your vIBAN is issued by these banks, the funds in your TransferGo Account remain safeguarded and protected in line with all regulatory requirements.