What type of account number is a fictitious account number?

A fictitious account number is specifically designed as a non-existent account used for fraudulent purposes. In the context of finance and electronic transactions, these numbers are often created to deceive individuals or institutions into believing they represent valid accounts. Such accounts are not associated with real customers or legitimate transactions; instead, they serve as tools for carrying out illicit activities, such as identity theft or money laundering.

This type of account poses a significant risk in financial systems, as they can facilitate unauthorized access to funds or sensitive information. Understanding the nature of fictitious account numbers is crucial for professionals in the field to prevent fraud and protect against potential financial crimes. The focus on fraud is essential here; legitimate accounts or accounts used for promotional purposes do not fall into this category, which further highlights the defining characteristic of fictitious accounts.