Nostro, Vostro, and Loro Accounts: A Comprehensive Guide to International Banking
Money sent by U.S. customers and businesses to GTBank account holders in Nigeria will be deposited in GTBank’s account with Citibank. Vostro (yours) is the term Bank B uses to describe Bank A’s account with Bank B. Vostro refers to “your money on deposit at our bank.” A Vostro account is like any other account … Read more