Virtual Bank Accounts Per Condominium
Every condominium you manage gets its own dedicated virtual IBAN, created instantly when you add a new block. Resident payments land in the correct account automatically — no manual sorting, no misallocations, complete financial separation between buildings.
Key Capabilities
- Dedicated virtual IBAN provisioned per condominium automatically
- Instant IBAN creation on new block setup — no bank visits
- IBAN embedded directly in every resident invoice
- Automatic payment allocation to the correct building
- Complete financial separation between condominiums
- No manual sorting of incoming resident payments
- Full transaction visibility per IBAN
How Virtual Bank Accounts Per Condominium Works
A closer look at what's under the hood.
Empower Your Condominium Finances with Fyorin
Dominium integrates with Fyorin to deliver a complete automated banking layer for property managers. Rather than managing finances through a separate bank portal, administrators handle all banking operations — from IBAN provisioning to payment processing — directly within Dominium. This saves time, reduces errors, and provides a single source of financial truth across the entire portfolio.
Automatic Virtual Bank Account Creation
The platform automates virtual account setup for every condominium. Upon creating a new block within Dominium, a dedicated virtual bank account is instantly generated — complete with a unique IBAN. There are no bank visits, no paperwork, and no waiting periods. Each building has a clearly separated account from day one, ensuring financial records are clean from the moment the block goes live.
Integrated IBAN in Invoices
Invoices issued through Dominium include the specific IBAN associated with each condominium's virtual bank account. This integration supports accurate payment routing and reduces transaction complications for residents. When residents pay, funds flow directly into the correct building account — eliminating the misallocations that are common when all funds pass through a single shared account.
EU-Regulated Banking Infrastructure
Fyorin operates within EU regulatory frameworks, providing condominium administrators with the security and compliance assurances required for managing communal funds. Virtual IBANs are fully functional bank accounts — residents pay using standard bank transfers, and all transactions are processed through regulated financial infrastructure, giving administrators and residents complete confidence in every payment.
Ready to see Virtual Bank Accounts Per Condominium in action?
Book a free demo and we'll walk you through everything Dominium can do for your portfolio.