Virtual bank account

From ACT Wiki
Revision as of 09:45, 1 October 2017 by 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/)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

1.

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.

2.

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


See also