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RE:[sap-acct] Function of House Bank

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Reply from Nikki Klein on May 23 at 12:46 PM
Hi Xiera

A good way to think of a House Bank is that it usually corresponds to a brick and mortar bank where your company holds accounts and does business.

For example, Wells Fargo at 124 Main St, Seattle WA is a House Bank. There you hold and maintain a Disbursement account, a Lockbox account, a Sweep account and so on.

Nikki

---------------Original Message---------------
From: Xiera
Sent: Friday, May 20, 2016 7:32 AM
Subject: Function of House Bank

Hi all,

Can anyone here know what is the function of House Bank?

Thanks.

 
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