Concentration

Last Updated: Jun 6, 2019

Created By :

Last Edited By :

Created On :

A Concentration is a type of deposit account used internally at an institution, where funds are aggregated from multiple areas or transactions into one centralized account. Banks use this type of account to process and settle same-day internal transactions as funds are shifted from account to account. These types of accounts are often scrutinized by regulatory authorities in the anti-money laundering context.