Collection account: Difference between revisions

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== See also ==
== See also ==
* [[Account]]
* [[Lockbox]]
* [[Lockbox]]
* [[Payments and payment systems]]
* [[Payments and payment systems]]

Latest revision as of 14:23, 6 July 2022

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