Virtual Accounts

Virtual​ Accounts​ service​ by​ ABA​ Bank​ provides​ a​ smart,​ cost-effective​ solution​ for​ businesses​ that​ receive​ large​ volume​ of​ payments​ and​ spend​ a​ lot​ of​ time​ on​ reconciliations.​ If​ you​ are​ having​ trouble​ understanding​ who​ exactly​ is​ paying​ you​ and​ reconciliation​ is​ getting​ delayed​ because​ of​ manual​ processes,​ then​ ABA​ Virtual​ Accounts​ service​ is​ what​ you​ need!​

With​ ABA​ Virtual​ Accounts,​ you​ can​ create​ multiple​ virtual​ accounts​ under​ a​ single​ business​ account​ and​ assigned​ each​ virtual​ account​ to​ a​ paying​ customer,​ distributor,​ agent​ or​ branch​ and​ view​ the​ payer's​ statement​ instantly.

How it works

Key​ benefits

Real-time​ reconciliations

Collect​ payments​ from​ any​ channel

No​ manual​ errors

Reduce​ operational​ costs

Who​ can​ benefit​ from​ this?

With​ ABA​ Virtual​ Accounts,​ business​ owners​ can​ use​ any​ local​ payment​ channel​ to​ transfer​ into​ a​ virtual​ account.​ Incoming​ payments​ are​ reconciled​ automatically​ and​ instantly​ so​ you​ can​ release​ your​ customer​ credits​ faster,​ increase​ sales​ and​ focus​ more​ on​ your​ business​ while​ reducing​ operational​ costs.​ This​ service​ can​ be​ used​ in​ conjunction​ with​ other​ ABA​ iBanking​ for​ Business​ (IBB)​ services​ such​ as​ Host-to-Host​ solution.​

This​ service​ is​ free​ of​ charge​ for​ all​ ABA​ business​ accounts.​ If​ you​ want​ to​ learn​ more​ about​ how​ ABA​ Virtual​ Accounts​ service​ can​ benefit​ your​ business​​, approach​ your​ Relationship​ Manager​ at​ the​ nearest​ ABA​ Branch​ today.​ You​ can​ also​ contact​ us​ at​ +855​ 23​ 925​ 333​ or​ get in​ touch​ with​ our​ IBB​ team​ at​ [email protected]remove-this.ababank.com.