Virtual bank account: Difference between revisions

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imported>Doug Williamson
(Create page. Source: The Treasurer, September 2017, p19 & Innopay https://www.innopay.com/blog/virtual-bank-accounts-more-than-a-reconciliation-tool/)
 
imported>Doug Williamson
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In the corporate banking context, a virtual bank account one of a number of subsidiary accounts all linked to a single 'physical' or 'real' bank account.
In the corporate banking context, a virtual bank account is one of a number of subsidiary accounts all linked to a single 'physical' or 'real' bank account.
 


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Revision as of 14:03, 1 October 2017

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In the corporate banking context, a virtual bank account is one of a number of subsidiary accounts all linked to a single 'physical' or 'real' bank account.


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More broadly, including retail customer banking, virtual bank accounts are ones operated without attending a physical bank branch.


See also