Summary
Efficient collection process and reconciliation by assigning virtual account to each depositor
Product Background
- - Reduce the costs of collection and reconciliation
- - Fast and accurate verification of incoming credit information
Benefit of the Product
- - Improved operation risk management and control
- - Better control of fund management by easy and accurate reconciliation process.
Advantages of Citibank Product
- - Name of the relevant sales agent is assigned to the virtual account no., so that payment detail by counterpart can be verified on a real-time basis.
- - Transaction report is provided through our Internet Banking on a real time basis.
Transaction Terms
- - Companies who have large sales network or customers.
- - Companies who receive a large number of incoming fund transfers.
Required Documents and Transaction Flow
- Required Documents: Please make a visit to the Corporate Banking branch around you to execute the agreement
- Transaction Flow Diagram
