---
title: "Create/change a contract with virtual IBAN"
slug: "create-change-a-contract-with-virtual-iban"
updated: 2025-07-11T14:52:04Z
published: 2025-07-11T14:52:04Z
canonical: "help.frisbii.com/create-change-a-contract-with-virtual-iban"
---

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

# Create/change a contract with virtual IBAN

## Table of contents

- Change to payment method On Account (virtual IBANs) via UI
- Change payment method to other than On Account (virtual IBANs)
- Create a contract with a virtual IBAN

## Change to payment method On Account (virtual IBANs) via UI

1. In Frisbii Transform, navigate to **Customers** and click on one of the existing contract reference code from the customers list.

[](https://support.Frisbii Transform.com/hc/article_attachments/8016289202204)

[![](https://cdn.document360.io/b84e1b5d-2ba6-4465-8c62-fb45a2f31314/Images/Documentation/Screenshot 2025-07-11 163933.png)](https://support.Frisbii Transform.com/hc/article_attachments/8016289202204)
2. In the top-right corner, choose **Perform Action>Change payment data.**

[](https://support.Frisbii Transform.com/hc/article_attachments/8016275861020)

[![](https://cdn.document360.io/b84e1b5d-2ba6-4465-8c62-fb45a2f31314/Images/Documentation/ch(1).png)](https://support.Frisbii Transform.com/hc/article_attachments/8016275861020)
3. Select **On Account (virtual IBANs)** from the **Payment method** drop-down list.

[](https://support.Frisbii Transform.com/hc/article_attachments/8016295713564)

[![](https://cdn.document360.io/b84e1b5d-2ba6-4465-8c62-fb45a2f31314/Images/Documentation/ib.png)](https://support.Frisbii Transform.com/hc/article_attachments/8016295713564)

Payment method and virtual IBAN will be shown in contract details:

[![](https://cdn.document360.io/b84e1b5d-2ba6-4465-8c62-fb45a2f31314/Images/Documentation/image-1752245520713.png)](https://support.Frisbii Transform.com/hc/article_attachments/8016335475996)

## Change payment method to other than On Account (virtual IBANs)

If the contract changes from On Account (virtual IBANs) to another payment method and it returns back to it, the same vIBAN will remain.

Virtual IBANs are never deleted from Swan, as long as a merchant's account is active in Swan, regardless of whether it is used or not.

## Create a contract with a virtual IBAN

> [!NOTE]
> **Note:**
> 
> If On Account (virtual IBANs) payment method is active, the new virtual IBAN will be generated and sent from Swan to Frisbii Transform on each contract creation with an On Account payment method. Each contract will have its own dedicated virtual IBAN that customer can pay a receivable.

1. Make sure you have completed the Swan onboarding.
2. Your **On Account (virtual IBANs)** must be **checked** in the **Activated** section, in the **Payment Settings**. ![](https://cdn.document360.io/b84e1b5d-2ba6-4465-8c62-fb45a2f31314/Images/Documentation/psp(1).png)
3. Go to **Customers** and select one of the customers from the list.
4. Select **Add Contract** button in the **Contracts** section. ![](https://cdn.document360.io/b84e1b5d-2ba6-4465-8c62-fb45a2f31314/Images/Documentation/add(1).png)
5. Fill in a new contract via Admin UI. Choose **On Account (virtual IBANs)** from the **Payment method** drop-down. Save the contract. ![](https://cdn.document360.io/b84e1b5d-2ba6-4465-8c62-fb45a2f31314/Images/Documentation/new(2).png)
6. Newly created contract must have a generated **virtual IBAN**. ![](https://cdn.document360.io/b84e1b5d-2ba6-4465-8c62-fb45a2f31314/Images/Documentation/vibco.png)

> [!NOTE]
> **Notes:**
> 
> - If **IBAN** generation fails for any external reasons, contract will not be created at all.
> - **Recurring Payments** option is not configurable.
> - There is no difference in UI for a customer if that is a virtual or a regular **On Account** payment method. For merchant's **Admin UI**, it must be distinguishable. ![28.PNG](https://cdn.document360.io/b84e1b5d-2ba6-4465-8c62-fb45a2f31314/Images/Documentation/167d9a5ae5e7e2.png)
> 
> Go back to the [main article](/frisbii-transform/docs/payment-on-account-with-virtual-ibans) about vIBANs.