Types of bank account

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  1. The Luxembourg banking system is very developed. The interests of the client in the bank sector
  2. are above all, therefore, the non-disclosure of bank secrets is protected at the legislative level
  3. and clients can rely on the confidentiality of information. Luxembourg is a perfect country
  4. conducting international business.
  5.  
  6. Corporate
  7. A corporate account has a wide range of instruments, as well as a range of different types of
  8. lending. Provides trade and structured finance services for your business in Luxembourg, both
  9. for operating companies and for holding one. The corporate account offers the development of
  10. individual solutions in the field of corporate finance - the acquisition of assets, securities,
  11. and other operations.
  12.  
  13. Merchant
  14. A merchant account is a special type of trading account. The owner can accept payment cards VISA,
  15.  
  16. Master Card, and others, as well as receive money from the bank accounts of clients. Merchant
  17. is a trading account. Also, keep in mind that the money from the merchant does not go to the
  18. current account immediately, but after a while: this is done to return the money to the client
  19. as soon as possible if he made a transfer by accident.
  20.  
  21. Escrow
  22. The escrow account is a special account for the secure settlement of payments between a buyer
  23. and a seller. The buyer deposits the money in an escrow account, and the seller can collect
  24. it when he fulfills the conditions previously prescribed in the contract. The Bank, as an
  25. intermediary, monitors the fulfillment of these
  26. conditions.
  27.  
  28. https://www.luxlegal.eu/en/banking/

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