👉 In accounting, a subagent is a person who performs an action on behalf of another entity. This can be either a bank or a financial institution, as they act on behalf of their clients to perform certain transactions and manage their accounts. Subagents are often used in transactions that involve multiple parties, such as a bank issuing checks for a customer's account, or a financial institution dealing with multiple clients' assets. They may also be involved in regulatory compliance or fraud prevention activities, where they act as