Fidelity Virtual Accounts

 

Fidelity bank introducing Virtual Accounts, also referred to as ‘Bank Transfer’. These  are temporary accounts that are used by merchants to receive payments in place of an actual/physical account.

At the point of payment, paying customers are provided with a NUBAN static or dynamic account that enables them to make a transfer from any Bank of their choice to credit the merchant account displayed. Funds are subsequently swept to the merchant’s settlement account in Fidelity Bank.