Accounts & Virtual IBANs

Your custom payment automation & banking infrastructure starts here.

Issue API-based IBAN accounts for automating your own payment operations – or embed them in your app and offer your customers a unique banking experience.

  • 16,000+IBAN accounts issued
  • 2,5 Bn€Total payment volume processed in 2025
  • 450,000+Monthly pay-outs

The go-to account for automating payments & reconciliation

  • Fast operations

    Open as many IBAN accounts as you need in seconds. Uploading an SDD mandate or transfering money is just as fast.

  • Flexible use

    Powens provides a powerful dashboard – but every operation is also available through our API

  • 24/7 availability

    Unlike most traditional banks, we process operations on a 24/7 schedule. Historical API availability averages 99.9%.

  • Reconciliation, automated

    Issue Virtual IBANS or link your Powens accounts with our tracked payments methods (SDD, Pay-by-bank) to automate reconciliation.

How it works

  • Step 01

    Online onboarding. Liveness ID checks, account setup

  • Step 02

    Issue accounts with IBANs Physical or Virtual.
Via Admin dashboard or API

  • Step 03

    Start collecting pay-in and sending pay-outs. Use Powens embedded methods or third-party providers.

“We built the first neobank for commonholds (…), each building has a Powens IBAN account to automate incomes and expenses. We saw spectacular growth last year”.

Pedro García Founder & CEO
Why Powens

Why Powens for accounts & payments?

  • Payments automation expert

    Powens is a renowned expert for automating mission-critical payment operations, especially for lending, accounting, utility payments and international transfers. We process more than 2,4Bn€ payments a year.

  • API-first

    Our API-first solutions are flexible enough to cover multiple use cases requiring fast account management and instant pay-in and pay-out operations.

  • Trusted by leaders

    From BNP to Cofidis and Agicap: more than 300 customers including global banks, online lenders and business SaaS, rely on Powens for automating payments and connectivity.

Book a meeting with a bank expert

Let’s build the future of Open Finance together

Interested in becoming a partner? Contact us and our team will get in touch with you.

Powens lets you issue unlimited API-based IBAN and Virtual IBAN accounts for automating your own payment operations, or embed them in your app to offer your business customers a banking experience – all without requiring you to have your own regulatory licence.

For your own operations, you open accounts and issue IBANs (physical or virtual) via API or admin dashboard to automate your payment workflows. For your business users (white-label), you embed account opening and IBAN issuance directly into your software, with full KYB and KYC onboarding and compliance handled by Powens — all under your brand.

No. Powens provides everything required to run payment accounts without having to register for a regulatory licence or build complex compliance processes. KYC checks, multi-factor authentication and regulatory compliance are all handled by us according to PSD2 and electronic money regulation.

Account holders can receive and send money via SEPA Instant Transfers, SEPA Direct Debit and Pay-by-Bank. You can also link Virtual IBANs with these tracked payment methods to automate reconciliation. Third-party payment providers can be used alongside Powens’ embedded methods.

Virtual IBANs let you assign a unique IBAN reference to each payer, invoice or transaction type. When funds arrive on a Virtual IBAN, the system automatically knows who paid and for what, eliminating manual matching between incoming payments and expected amounts.

Powens has issued 16,000+ IBAN accounts, processes 450,000+ monthly instant pay-outs, and has handled 2.5 Bn€ in total payment volume in 2025. Operations are available 24/7 with a historical API availability of 99.9%.

Frequently Asked Questions