Difference between revisions of "Collection account"

From ACT Wiki
Jump to: navigation, search
(CSV import)
(No difference)

Revision as of 14:17, 23 October 2012

A bank account opened for the specific purpose of speeding up the receipt of cleared value for remittances from specific customers or groups of customers, usually at a distant or foreign location or in a foreign currency.

In the US called a 'lock-box'.

See also