Vostro account

From ACT Wiki
Revision as of 14:31, 6 July 2022 by imported>Doug Williamson (Layout.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

An account held by a domestic bank on behalf of a (different) foreign bank, when the account balance stands in favour of the foreign bank.

The term 'vostro' is derived from Latin, meaning 'in your favour'.


Also known as a Loro account.


See also