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

Settlement Account

A settlement account is a transactional bank account functioning as quick access to accumulated cash. It works as a facilitator between businesses for daily settlements.

A settlement account is very practical for fund accumulation and safekeeping. With ensured speed and security in transactions, a business can benefit from time and cost-effectiveness by obtaining a settlement account to manage its financial activities.

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European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
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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