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Managing Subsidiaries - Adding Subsidiaries
Do you need to set up a subsidiary?
Subsidiaries are essentially multiple bank accounts which your company has
the authority to access. Many parent or holding companies, with subsidiary
operations, manage the finance at the holding company level.
If you operate a relatively small firm with just a few accounts, this section may
not apply to you.
1.
On the Subsidiary Setup page, click or tap
Add Subsidiary
.
2.
Fill out the required information regarding the subsidiary.
3.
When finished, click
Create Subsidiary
.
The required fields in the Add Subsidiary page vary, depending on
the payment types that you select.
To Add a Subsidiary:
From the menu in Online Banking, select
Commercial > Subsidiary Setup
.