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Types of Secret Bank Accounts

To meet the different levels of demand for secrecy, there are generally three types of bank accounts which can be established:

  1. Named Account
  2. Numbered Account
  3. Fictitiously Named Account

Although there is no legal distinction between these accounts concerning the enforcement of bank secrecy laws, there is a difference in the manner that the accounts are handled internally in the bank. In theory, at least, the more restricted the information about the depositor within the bank itself-and the fewer people within the bank who know the true name of the customer-the greater the security of the account.

 
 
 

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