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 (Layout.) |
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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
1.
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.
2.
More broadly, including retail customer banking, virtual bank accounts are ones operated without attending a physical bank branch.
