Demystifying Virtual Accounts

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Key timing points
0:50 The basic components - real bank acounts, virtual accounts, virtual numbers
5:51 Virtual account solutions - where fit in a company’s treasury journey
7:08 How uses of virtual account technology has evolved
10:35 Where not use virtual accounts
12:05 Key considerations in virtual accounts and their application
14:25 Closing remarks
There are many misconceptions about what virtual accounts are, and what they can be used for. In this WEBchat Dirk Kronshage Global Head of Collections, Cash Products, Deutsche Bank explains the essential detail, before giving practical advice on when and where they can be used effectively.

Learn about the basic components of virtual accounts, how they work, and when and where to use them. But remember virtual accounts and their technology are not a panacea, you must first be clear about what want to achieve and then use them appropriately.