Firewall Bank Account

What is a Firewall Bank Account?

Definition and meaning of Firewall Bank Account

A Firewall financial institution account is an interMediary account between an man or woman’s primary checking account and debts used for on line Transactions. By the usage of a firewall account, a person can decrease the danger that a transaction thru an Internet store will bring about the primary account being uncovered or Hacked.

A firewall account is likewise called a Buffer account.

What Does Firewall Bank Account Mean?

The foremost cause of a firewall account is to add another stage of security to on line transactions, whether thru PayPal, eBay, Amazon or some different web site wherein account info may want to probably be exposed. To set up a firewall account, an individual opens a brand new account – regularly with an Online bank – and handiest locations money in it whilst he or she desires to Make a web buy. The firewall account is purposely kept at a low or 0 balance in order that if the account is compromised, little or no money is lost.

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