Creating a Virtual IBAN with MuchBetter is a simple and convenient way to receive payments directly into your MuchBetter wallet. This unique IBAN can be used for various transactions, including bank transfers and withdrawals from your favorite online sites!
How to create your Virtual IBAN:
- Open the MuchBetter app: Launch the MuchBetter app on your mobile device and log into your account.
- Navigate to 'Your Virtual IBAN': From the main menu, select the option labeled 'Your Virtual IBAN'.
- Pay the one-time fee: A one-time fee of 1 EUR is required to create your Virtual IBAN. Follow the prompts to complete this payment.
- Receive your Virtual IBAN details: Once the payment is processed, your unique Virtual IBAN details will be generated. You can now use these bank details to receive funds directly into your MuchBetter wallet.
Key points to keep in mind:
- The Virtual IBAN is only available to customers located within the European Economic Area (EEA).
- Your MuchBetter wallet must be ID Verified to create a Virtual IBAN.
- You should only send funds to your Virtual IBAN from accounts in your own name. Sending funds from an account in another person's name may result in delays, reversed transactions, and additional fees incurred by your bank.
- You can only have one single Virtual IBAN active at any given time. It can be terminated any time you wish to and you can always obtain a new one if needed.
If you have any further questions or need assistance, please contact our customer support team at support@muchbetter.com.