What is a Virtual Account?

Created by Uchechukwu Ariolu, Modified on Tue, 18 Jun, 2024 at 10:45 PM by Eniola Osadare

Overview

Creating a virtual account allows you to reserve an account number and account name in the format “CardinalStone/CustomerName.” Any money transferred to this virtual account will be reflected in your CardinalStone Wallet.

Step-by-Step Guide

Step 1: Access the Application

  1. Login to Your Account
    • Open the CSAlpha mobile app on your device.
    • Enter your username and password.
    • Click on the "Login" button.

Step 2: Navigate to the Virtual Account Section

  1. Go to the “More” Section

    • From the main dashboard, navigate to the “More” section.
  2. Apply for a Virtual Account

    • In the “More” section, select the option to apply for a virtual account.
    • Follow the on-screen instructions to complete your application.

Eligibility

  • KYC Compliance: This product is only available to clients who are compliant with Know Your Customer (KYC) regulations.

Additional Information

  • Once created, your virtual account will have an account number and account name in the format “CardinalStone/CustomerName.”
  • Any funds transferred to this account will automatically reflect in your CardinalStone Wallet.

Thank you for choosing CardinalStone. We are committed to providing you with the best tools and resources for your financial needs.


If you need further assistance, please do not hesitate to reach out to our customer support.


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