Multi-currency virtual accounts and payouts
Last updated 1 day ago
Summary
Use this guide to understand how multi-currency virtual accounts and payouts work in Reah. Eligible businesses can receive fiat funds through named virtual accounts and make payouts from their Reah balance to recipient bank accounts through supported local and international rails.
The currencies available for virtual accounts and payouts may differ.
How multi-currency virtual accounts work
A virtual account provides banking details in your business’s name for receiving and sending fiat funds.
Eligible businesses can access named virtual accounts in:
- USD
- GBP
- EUR
- AED
Once an incoming payment is processed, the funds are credited to your Reah balance. You can use that balance for supported payouts, treasury activities, and card funding without transferring funds between separate accounts.
How payouts work
A payout is a bank transfer from your Reah balance to a recipient’s bank account. Recipients can be individuals or businesses, subject to the requirements of the selected currency, rail, and destination.
To make a payout, open Send and select Banking Account as the source, or open Banking and select Send. Then select External Bank Account as the destination.
If currency conversion is required, Reah handles it as part of the payout flow.
Supported payout rails include:
Available payout currencies and rails vary by business location, account setup, and recipient destination. For a local payout rail, the recipient bank must be located in the country or region supported by that rail. A supported payout currency may not be available as a virtual account.
For step-by-step instructions on sending fiat from your Reah banking balance to an external bank account, see Withdraw fiat from Reah.
Before receiving funds
Confirm that:
- your Reah banking account is active
- your business has completed the required KYB verification
- the virtual account currency is available for your business
- the sender uses the banking details shown in Reah for that currency
Virtual account availability depends on your business jurisdiction and account eligibility.
Before making a payout
Confirm that:
- the payout currency and rail support the recipient’s bank country and account type
- the recipient’s banking details are correct
- your available balance is sufficient to cover the payout and any applicable fees
Payout timing and fees
Processing time depends on the payout rail, banking windows, cutoff times, the receiving bank, and any required review.
Reah displays the amount the recipient will receive, the exchange rate when conversion is required, and the fee breakdown before you confirm a payout.