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Accumulative Account

An accumulative account is a type of bank account that is used for collecting funds for investment purposes. The funds inside the accumulative account cannot be used for payment but used for the investment instrument preferred by the account holder.

In some countries, such as Lithuania, an accumulation account is required to establish a private limited liability company.

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2020 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB