Deutsche Bank’s virtual accounts solution allows clients to sub-divide their physical bank accounts into multiple virtual accounts, each with their own account number. These can be assigned to individual clients, making it easier and faster for them to reconcile a payment based on the account it is paid into. Dividing physical accounts into virtual accounts also means clients can close some of their physical accounts – saving costs, removing account silos and automatically pooling liquidity in the process. What’s more, once set up accounts can be opened and closed easily, without the need for new documentation, in-branch meetings or additional account fees.