4 Virtual Account

Virtual accounts are notional accounts, which represents real accounts, and they are linked either to a real account directly or linked via Virtual Accounts structure. These accounts are series of dummy accounts used to make and receive payments on behalf of one physical account. Virtual accounts also offer corporates the ability to reconcile payments in real time.

Features Supported In the Application

The virtual account module of the OBDX application supports the following features:

• Create Virtual Account
• View Virtual Account
• Edit Virtual Account
• Close Virtual Account
• Reopen Virtual Account

• Create Virtual Account
  This topic provides systematic instructions to create the virtual account.
• View Virtual Account
  This topic provides systematic instructions to view the virtual account.
• Edit Virtual Account
  This topic provides systematic instructions to edit the virtual account.
• Close Virtual Account
  This topic provides systematic instructions to close the virtual account.
• Track Virtual Account Closure
  
• Reopen Virtual Account