What is sub account

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Sub-accounts are a feature of the financial system that allow accounts to be sub-divided for reporting purposes. For instance, sub-accounts. A sub account is. Sub-Accounts are an optional part of the accounting string that allows tracking of financial activity within a particular account, departments and schools can.

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This tab is required only if the sub-account type code value has been set to CS. Before you can open sub-accounts for a customer, they must have completed the identification and onboarding process. By Oliver Staub. A sub-account is a virtual account tied to a customer's main account.