Virtual Accounts Payer Identification

A simpler way to manage accounts receivables
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Virtual Accounts Payer Identification helps you identify the originator of incoming payments received through virtual accounts, eliminating the time-consuming job of matching payments with suppliers.

Key Features

Better connected

Up to 100,000 virtual account numbers can be created and linked to your master account.

Safer

Virtual Accounts receive incoming deposits only and protect your privacy as your main account information remains confidential.

Better informed

The name of your client or a pre-defined reference is automatically included for every deposit into your main account.

Key Benefits

Simpler

Automated payer identification

Automatically identify each payer without relying on remittance information in the payment transaction

Faster

Faster and more efficient

Ensure automatic posting of electronic deposits to your main account, which frees up resources from manual reconciliations to other productive tasks

Easy set-up process

Eliminate the need to open any additional physical accounts to track your payers

Optimized working capital cycle

Unlock funds quickly and improve credit control with automatic reconciliation of collection information


Want to know more?

Please contact your Relationship Manager for more information.

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Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.