Glossary

Business Account

 Is an account within Financial Institution which belongs to a legal entity. Such accounts allow for legal persons to participate in the financial system.

How does Business Account work?

The Business Account provides a possibility for legal entities to receive and execute Transfers through the Payment Systems. In some instances, they may include various authorised persons which can be using the services of Financial Institution in which account is held. As such, they are allowing legal entities to obtain the benefit of participation in the financial system.

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