The account to be verified is also an account to be verified. When collecting export foreign exchange under enterprise trade, it should first be entered into the account to be written off, and the bank will go through the formalities of settlement or transfer after online verification with relevant materials.

A settlement account is an account used for accounting and supervising the settlement of creditor's rights and debts between this unit and other units or individuals. Used to reflect and supervise the settlement of creditor's rights and debts between enterprises and other units or individuals.

2. Different uses

The money in the account to be verified can only be used for three purposes: after verification, it will be transferred to the settlement account; Direct settlement verification; Safe approved the withdrawal of foreign exchange. The money in the settlement account is generally the funds that can be used normally with or without verification. Going to the settlement account does not mean automatic settlement of foreign exchange.

3, the scope is different

The income range of the account to be verified is limited to the export income of the enterprise. The expenditure of the account to be verified can only be processed after the online verification of the bank, and its expenditure scope includes the settlement of foreign exchange transferred to the current account of the enterprise after the online verification of the bank, the refund of foreign exchange approved by the foreign exchange bureau and other foreign exchange expenditures. Transfer between accounts to be verified is not allowed. The account balance shall bear interest according to the demand deposit.

Settlement accounts are applicable to organs, organizations, military units, enterprises, institutions and other organizations (collectively referred to as "units") and individual industrial and commercial households that need to open bank settlement accounts in China.

The money in the settlement account is generally the funds that can be used normally with or without verification. Going to the settlement account does not mean automatic settlement of foreign exchange.

References:

Baidu encyclopedia-settlement account

Baidu Encyclopedia-Account to be Checked