The RZB Virtual Account allows your customers to effect commercial payments within Austria through your account at RZB without being obliged to open a separate account in Austria, while receiving full reporting and account information.

Transactions up to EUR 50.000,- initiated by your corporate customers are routed via your good selves and processed by RZB to the debit or credit of related Sub Accounts on behalf of your customers. To establish a Virtual Account relationship you only need a EUR Clearing Account with RZB.

Key benefits:

• Improvement of customer relationships
• Centralised liquidity control
• Standardised information management
• Reduced administration and cost
• Transparent pricing at domestic conditions
• Centralised billing for your bank and individual billing for your corporate customers

You will receive a detailed monthly report, the Monthly Account Analysis, and statements of account by SWIFT MT940/950. MT942 Interim Transaction Reports are available upon request.

A dedicated multilingual customer service team is at your disposal for any questions regarding your payments.