Virtual Account Management API

Why use these APIs?

HSBC’s Virtual Account API offers an account management solution which includes virtual account creation, maintenance and account information enabling clients to simplify their account structures, efficiently reconcile their operating accounts and gain better control and enhanced visibility of their operating cashflow.

Key features

• Create efficiency on virtual account management.
• Conformance to Industry standard format. 
• Enhance customer experience with improved response time.
• Cloud based API platform.

Virtual account Creation API

Provides on-demand new virtual account(s) creation and assignment via API in an Industry standard JSON format.

• Single or bulk Virtual Account creation via API.
• Flexible virtual account number assignment - Auto-generation or partially customized* 
• Automatic linkage to virtual account hierarchy structure in the Virtual account management user interface through HSBCnet.
• Streamlining VAM account structure & hierarchy setup for new virtual account assignment 

*Subject to local market capability

Virtual account Maintenance API

Virtual account maintenance API provide clients capability to send API’s to update the status of their virtual accounts.

• Supports different status updates for virtual accounts.
• Streamline virtual account maintenance process
• Seamless interfacing with client’s ERP for virtual account updates, reducing manual effort. 

Virtual account Balance and Transaction Inquiry API

Virtual account balance and transaction API provide clients access to their Virtual Account balances and retrieve transaction entries booked to their virtual accounts on current or a historical date.

• On demand Balance and transaction Information 24x7 across your virtual account structure.
• Integrate with existing Treasury and Enterprise systems.
• Enable more informed and timely decisions on cash management positions
• Automate transaction monitoring within your existing business systems.

Return to top