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A virtual account is a dedicated Nigerian bank account number assigned to one of your customers. Anyone can pay into it by ordinary bank transfer. Bitnob identifies the deposit and credits your company’s NGN balance, tagged with the account it came through, so you always know which customer paid. It’s the simplest way to receive naira: give each customer their own account number and stop matching transfers to people by hand.

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When to use it

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How it works

1

Set up the customer

Every virtual account belongs to a customer, and Nigerian regulation requires a verified identity behind it. The customer record must carry a BVN, date of birth, and contact details.
2

Issue the account

One call to Create virtual account returns the account number and bank name to show your customer. Choose the issuing bank with bank, or leave it out to use the default.
3

Your customer pays in

The customer sends a bank transfer to the account number. Bitnob credits your NGN balance and tags the deposit with the virtual account.
4

You track the deposit

Each deposit fires a virtual_account.deposit.success webhook. Get account transactions lists everything an account has received.

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The collection model

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Getting access

The Bitnob team enables virtual accounts and NGN trading together once your KYB is complete. There’s no self-serve toggle, and review usually takes 24 to 48 hours after all your documents are in. Until then, virtual account calls in production are rejected.

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Where to go next

Set up virtual accounts

Prepare the customer, issue the account, and test deposits in sandbox.

Create virtual account

The full request and response schema.

Currencies and amounts

Which unit each product uses, including kobo for virtual accounts.

Convert naira

Trade collected NGN into USDT, USDC, or BTC.