---
title: "Creating a Virtual Account"
source_url: https://docs.rapyd.net/en/creating-a-virtual-account.html
lang: en
---

# Creating a Virtual Account

Create a Virtual Account using the Rapyd Client Portal. Use your virtual account to collect, hold, and disburse funds. You can add a virtual account and edit requested currencies. A virtual account functions similar to a bank account but it can be created more easily and has less limitations. Merchants can use virtual accounts when they need to collect or disburse different currencies. Virtual accounts are a perfect solution to manage those funds.

You must have Owner or Administrator privileges to create a Virtual Account.

## How to Add a Virtual Account

> **Note:**
>
> To successfully create your first Virtual Account, [Contact Support](mailto:https://support@rapyd.net) for your request.

To view a virtual account:

1. Sign in to Client Portal as described in [Signing In to the Client Portal](https://docs.rapyd.net/en/signing-in-to-the-client-portal.md "Signing In to the Client Portal") and navigate to **My Account** > **Account management**.
2. The **Account management** page appears.

   ![648088d3649c9.png](image/img-4c22f821fe19efc791c74b92d847ebcd.png)
3. To add your virtual account, tap **+ Create virtual account** in the **Virtual Accounts** section.

   ![648088d5e89ab.png](image/img-ce05205e5fb76df777a52a7d5ee00bee.png)
4. The **Add virtual account** window appears.
5. Enter the account name.

   ![create-virtual-account-flow-3.png](image/img-e09cecb11f1c3304205f219b58321eca.png)

   **Note**: Your account will need to be activated to successfully create a Virtual Account.
6. Click **Next**.

   ![create-virtual-account-flow-4.png](image/img-146ceab2db45e380eb882f8b9e1a2b68.png)
7. Select the country for your virtual account in the drop-down menu.
8. Select the **requested currency** from the drop-down menu.
9. Click **Create**.

> **Note:**
>
> - The funds transferred to Virtual Accounts can now be automatically converted using FX (Foreign Exchange) into a different currency. All supported currencies can be converted with FX.
> - An FX conversion fee will be applied during the transfer.
> - Selecting a requested currency has no impact on the currencies the Virtual Account can receive.

## How Do I Edit Requested Currencies for Virtual Accounts?

The funds transferred to a Virtual Account can be converted using FX through the requested currency. The requested currency is what the funds will be converted into during the transfer. The requested currency can be edited for existing Virtual Accounts.

To edit the requested currency:

1. Sign in as described in [Signing In to the Client Portal](https://docs.rapyd.net/en/signing-in-to-the-client-portal.md "Signing In to the Client Portal") and navigate to **My Account** > **Account management**.

   The **Account management** page appears.
2. Hover over a Virtual IBAN row in the Virtual Accounts section.

   - (Optional): Click on the **View details** icon.
   - The Virtual Account details panel appears.

     ![create-virtual-account-flow-5.png](image/img-7d354e39f51fdda8d1539bc39071c239.png)
   - (Optional): Click the **Update requested currency** link.
3. Click the **Update requested currency** icon.

   ![create-virtual-account-flow-6.png](image/img-11cbc9cbd6e14b9073e8d096fd9970b9.png)
4. The **Update requested currency** window appears.

   ![create-virtual-account-flow-7.png](image/img-7792957ff75b06267aa095dfcac21bf3.png)
5. Select the currency from the drop-down menu.
6. Click **Update**.

## How Do I Create a Virtual Account for a User Wallet?

You can create a virtual account for an individual user wallet.

1. Sign in as described in [Signing In to the Client Portal](https://docs.rapyd.net/en/signing-in-to-the-client-portal.md "Signing In to the Client Portal") and navigate to the **Wallets** tab.
2. The **Wallets** page appears.

   ![creating-a-virtual-account-flow-8.png](image/img-a660c64da5b9b3045f17794e5cc43c80.png)
3. Select the row of the individual user wallet.
4. The **Wallet details** panel appears.

   ![creating-a-virtual-account-flow-9.png](image/img-7718cbd26a1f89e944d939881aee73f9.png)
5. Click the **Issuing** tab on the **Wallet details** panel.

   ![creating-a-virtual-account-flow-10.png](image/img-a1265b81f3aa61014ad27d6d95f78dcf.png)
6. Click the **Create virtual account** button.
7. The **Add virtual account** window appears.

   ![creating-a-virtual-account-flow-11.png](image/img-be3ebf87d57c87a342dc4a27153e792e.png)
8. Enter the account name.

   ![creating-a-virtual-account-flow-12.png](image/img-9f19719686f55e3eb627080fcd2367bd.png)
9. Click **Next**.
10. Select the receiving country from the drop-down.

    ![creating-a-virtual-account-flow-13.png](image/img-c637cb2fa84098e60894ae524f49e7a8.png)
11. Select the **requested currency** from the drop-down.

    ![creating-a-virtual-account-flow-14.png](image/img-08268cf39e9d4700d8193f4aa4a9505c.png)
12. Click **Create**.

    ![creating-a-virtual-account-flow-15.png](image/img-0be2de3c88a7c20ec78efa73c78a33c8.png)