FBO accounts are a type of bank account in which the account’s manager is not the beneficiary of the funds. Here’s how it works. Account setup: A business such as a payroll processor or an investment platform sets up an FBO account at a bank. During this process, the business speci...
FBO accounts are a type of bank account in which the account’s manager is not the beneficiary of the funds. Here’s how it works. Account setup: A business such as a payroll processor or an investment platform sets up an FBO account at a bank. During this process, the business speci...
FBO accounts are a type ofbank accountin which the account’s manager is not the beneficiary of the funds. Here’s how it works. Account setup:A business such as a payroll processor or an investment platform sets up an FBO account at a bank. During this process, the business specifies ...
FBO accounts are a type of bank account in which the account’s manager is not the beneficiary of the funds. Here’s how it works. Account setup: A business such as a payroll processor or an investment platform sets up an FBO account at a bank. During this process, the business speci...