How does a Global Account differ from a bank account?

Global Accounts function similarly to a conventional bank account in that they enable you to receive payments through the international SWIFT network and local payment systems.

However, unlike a traditional bank account, your funds are not held in the global account itself, but rather consolidated into your multi-currency wallet. As a result, you do not use your Global Accounts for making outgoing transfers. Instead, you will use the 'Transfers' feature to initiate a payout from your wallet.