Faisal Khan LLC - What is an FBO Account and How to Get One Home Specials What is an FBO Account and How to Get One? What is an FBO Account and How to Get One? — This page was last updated on September 27, 2022. – Related posts: I learnt the concept of FBO/ Omnibus account/ Pooled account, so considering our models, how can we charge our service fee (let’s say 2% of the transaction amount) on behalf of our merchants (since we cannot touch the fund)? What Is An FBO (For Benefit Of) Account? Difference between FBO and an Omnibus Account Bank-Owned For Benefit Of (FBO) Account Client-Owned For Benefit Of (FBO) Account