Now Live: Virtual Accounts
Create sub-accounts for every team, client, or project. Each with their own balance, cards, and permissions.
As your business grows, so does the complexity of managing money across teams, functions, and initiatives. Keeping everything in one pool might work at first. But eventually, you need a better way to stay organized and in control.
That’s where Slash Virtual Accounts come in.
Slash now lets you create dedicated sub-accounts for different parts of your business. Each one has its own balance, routing number, and set of cards, giving you a clean way to separate budgets and assign access without opening new accounts or relying on spreadsheets.
What They Are
A Virtual Account is a full sub-account inside your Slash dashboard. You can:
- Give it a name (e.g., Client Services, Rita Lane Project)
- Receive money into it via its own routing and account number
- Assign cards and card groups that only draw from its balance
- Move money between accounts instantly
- Assign user access to specific accounts only
Example Use Cases
Let's walk through a couple example use cases where Virtual Accounts can be game changers.
1. Project-Based Operations
A construction company running multiple jobs can create a virtual account for each project with its own budget, cards, and reporting. No more mixing up vendor payments or field team spend.
2. Client Budgets
Agencies who manage ad spend for clients can assign each client their own virtual account. Funds stay separated, clients get transparency, and fees can be managed through simple internal routing logic.
3. Team-Based Spend
A creative team, logistics team, or contractor group can be assigned a dedicated account with permissions, spend limits, and cards tied to that function only.
Why It Matters
Without sub-accounts, most companies either:
- Rely on internal spreadsheets to track who owns what
- Open multiple external bank accounts just to manage budgets
- Deal with messy card management across teams
Virtual Accounts solve all of this from inside Slash.
You can even automatically route a percentage of spend to your main account using a take rate. Useful for any business model that involves managing funds on behalf of others.
And because each virtual account has its own cards, card groups, and controls, you don’t lose visibility or security.
Access and Permissions
You decide who sees what. Invite a new user to Slash, then assign them to just the virtual accounts they need and define whether they can view cards, move money, pause spend, or simply track transactions.
Get Started
To begin, head to the Virtual Accounts tab in your Slash dashboard and click Create. Name your account, assign cards or users, and start managing money with precision.