Does having a Sub acct add charges?

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What is a sub account fee?

A subaccount charge is a type of fee charged to a subaccount. Subaccounts are essentially smaller accounts nested within a larger account structure. They are used in investment management and variable insurance products, in which the client's funds are being invested in securities that have different management fees.

How does a sub account work?

Sub-accounts are basically smaller accounts that sit under your main bank account. Typically, they work like an extra compartment in a filing cabinet. They hold money the way you'd break a book up into chapters, or how a bento box separates different dishes of a meal.

What is a sub account and why would you use it?

A sub-account is an optional 1-5 character attribute that can be used to break down an account into multiple smaller accounts for better tracking of detailed budgets and expenses. A good example of the use of sub-accounts would be a departmental research account that has a sub-account for each faculty member.

What is the difference between main account and sub account?

A sub account is spawned from and linked to a primary account. These separate accounts could house data, correspondence, and other useful information or contain a balance of funds that are kept under safekeeping with a bank.

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How To Create A Sub-Account in Kucoin Exchange to Keep Crypto Assets Organized

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