What is sub account

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Organization is really important when is a great way to. Organization of funds is one leveraging sub-accounts for your business.

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A sub-account is a separate account listed under your existing main account. It can come in the form of a private current account or a business. Like the name suggests, a sub-account is a bank account that exists within another bank account. If you imagine your business bank as a filing. A sub-account is a virtual account tied to a customer's main account. Customers can transfer money between their main account and sub-account(s).

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When purchasing a variable annuity, it is possible to choose from a selection of asset classes with varying degrees of risk profiles , including stocks, bonds, and money markets. The associated reporting code could then be retrieved via decision support tools. That way, your employees will not have to cover costs using money from their own private account.