Glossary A B C D E F G H I J K L M
N O P Q R S T U V W X Y Z

Designated Client Accounts

In traditional banking terms, a designated client account allows one to hold their client’s funds across separate accounts. It is of great utility to businesses who routinely hold money for their clients, including lawyers, real estate firms, and accountants.

Designated Client Accounts are offered at most traditional banks, as well as Banking as a Service (BaaS) providers. These accounts enable businesses to manage digital payments and transactions for their clients, keeping each client’s funds separated.

Please contact EMBank for further information on the relevant services.

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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