Virtual account

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1. Banking.

A virtual bank account.


Similar arrangements from non-bank providers.

Cash pooling evolves
"The world of cash management and payments is evolving in response to changes in bank business models as a result of regulation (ie the move away from notional pools) ...
Treasurers might want to consider solutions such as virtual accounts for cash pooling."
Michelle Price, associate policy and technical director, Association of Corporate Treasurers, The Treasurer, August 2018, p24.

See also

Treasurer articles

The pros of pooling, Sarah Boyce

Take the plunge, Brendan McGraw