---
title: "Account types"
slug: "account-types"
updated: 2026-06-03T15:01:30Z
published: 2026-06-03T15:01:30Z
canonical: "www.documentation.paynetics.digital/account-types"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://www.documentation.paynetics.digital/llms.txt
> Use this file to discover all available pages before exploring further.

# Account types

The Paynetics platform supports several account types. Each type defines specific behaviour and is designed to support particular use cases.

### Payment Accounts

**Payment accounts** are the standard and most commonly used account type.

They provide full current-account functionality and can be used by both consumers and businesses. Payment accounts support:

- inbound and outbound transfers,
- card issuance and card linking,
- internal transfers,
- one or more balances, depending on configuration.

Payment accounts are typically the primary accounts used in consumer and business products.

### Virtual Accounts

**Virtual accounts** are accounts that are always linked to a payment account.

They are used to separate transaction flows while keeping funds centrally managed. Virtual accounts do not hold funds independently; instead, they reference the balance of the linked payment account.

Key characteristics:

- a payment account can have any number of virtual accounts,
- virtual accounts replicate the currency structure of the linked payment account,
- all balances on a newly created virtual account start at zero,
- debits initiated via a virtual account are settled against the linked payment account balance.

All transactions executed via a virtual account are recorded against that virtual account, enabling clearer reconciliation and reporting.

#### Common use cases

- separating transactions by department or business line,
- creating a virtual account per client or sub-entity,
- improving reconciliation without increasing accounting complexity.

**Important note** The account holder of a virtual account must be the same as the account holder of the linked payment account. Virtual accounts cannot be owned by a different legal entity or by a consumer if the payment account belongs to a business.

### Funding Accounts

**Funding accounts** are used exclusively to fund other accounts and cards.

They are designed for controlled funding flows and have restricted functionality.

Key characteristics:

- only internal transfers and inbound transfers from the owning business are permitted,
- outbound external transfers are not supported,
- cards cannot be linked to funding accounts,
- funding accounts can only be assigned to businesses.

Funding accounts are typically loaded via inbound wire transfers.

#### Common use case

A business maintains a reserve balance in a funding account and distributes funds in real time to employee cards or accounts, for example in incentive or expense programmes.