A due from bank account is the accounting name for what correspondent banking calls a nostro account: an account that a bank holds with another bank, so that the other bank owes it the balance. The main entry explains how nostro accounts are used for payments and foreign exchange.
In a bank's balance sheet and general ledger, these balances are recorded as an asset, often under a heading such as "due from banks". The label covers domestic and foreign currency balances, including those used for clearing, settlement and correspondent banking. The other bank records the same balance as a liability, under "due to banks", which corresponds to a vostro account.
The "due from" wording is used mainly in financial reporting and regulatory returns, while nostro is the operational term used by payment and treasury teams. Banks regularly carry out nostro reconciliation to check that their records of these balances match the statements sent by the bank holding the account.