Will I be charged for creating Virtual Accounts(VAs)?

Yes, there is a fee charged for each Virtual Account (VA) created.

A Virtual Account is either an actual account or an account proxy (such as a PayID) issued by a bank operating under Finmo. While the funds are held by Finmo's custodian bank, they are virtually segregated to ensure traceability and ownership, allowing us to clearly identify which funds belong to you or your customers.

Fees for Virtual Accounts may vary depending on the country and currency. For detailed information, please refer to your Master Service Agreement (MSA).