> For the complete documentation index, see [llms.txt](https://docs.alignlabs.dev/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.alignlabs.dev/products/virtual-accounts.md).

# Virtual Accounts

### Align Virtual Accounts

**Align Virtual Accounts** are permanent, reusable fiat deposit and payout bank accounts that streamline both sides of the fiat-crypto lifecycle. 

Named Virtual Accounts allow your users to collect **(on-ramp)** funds into a named bank account and pay-out **(off-ramp)** funds from a named bank account. Virtual accounts are used for routing and do not store balances on acccounts.

#### How It Works

1. **On-Ramps (Pay-Ins)**
   * Customers deposit fiat into a dedicated virtual account.
   * Every deposit is automatically converted into crypto (e.g., USDC, USDT) and delivered to a specified destination such as a wallet address, exchange account, or payment flow.
2. **Off-Ramps (Pay-Outs)**
   * Convert crypto back into fiat and deliver funds to local bank accounts.
   * Support for **named payments** ensures clear reconciliation and traceability for recipients.

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#### Key Capabilities

* **Multi-Currency Support**
  * Accept and pay out in major fiat currencies, including **USD**, **EUR**, and **AED**, with more currencies planned.
  * Each currency provides local banking details like account numbers, routing codes, or **IBANs** for fast and cost-effective transfers.
* **Local Banking Rails**
  * **USD ACH/Wire Accounts**: Named U.S. account number and routing number for **ACH** or **wire** transfers.
  * **USD SWIFT Accounts:** Named IBAN for deposits and payouts.
  * **EUR Accounts**: **IBAN** for deposits and payouts via **SEPA** across Europe.
  * **AED Accounts**: Named **IBAN** for deposits and payouts via **UAEFTS** within the UAE.
* **Permanent & Reusable**
  * Once assigned to a customer, virtual accounts remain persistent for all future deposits or payouts, reducing operational complexity and payment friction.

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If you are interested in learning more about our Virtual Accounts, please reach out to the [sales team](https://cal.com/align-labs/30min) or contact us via [telegram](https://t.me/buildingalign).