Types of Accounts
There are two types of Accounts:
- User Account
- Institution Account
- Single entity account. e.g. A single person, A firm or a small company.
- Access only to his own a/c and data.
- Has different set of privileges than an ’Institutional Account’.
- Suited to banks or larger institutions.
- Access to his customers’ a/c and data.
- Has different set of privileges than a ’User Account’.