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A bank account is needed for any payouts or re-payment transacti= ons that are part of a lending agreement.
These payment transactions do not have to be captured manually in FlexFi= nance for an optimum loan application but can come automatically, for examp= le, from the master data (customer's current account), product data (accoun= t for residual credit insurance) or the loan portfolio (for in-house discha= rges).
In this case, FlexFinance provides various flexible options.
Of course, individual account details can also be specified, e.g. to dis= charge debts with other banks for which the account details could not be de= termined automatically.