Do you regularly move funds cross border between own accounts? We can do it automatically for you!
Sweeping Services is a cash pooling service for the concentration of bank account balances belonging to a company or a group of companies. For this purpose use the above automated funds transfers product.
On an agreed, regular basis the balance of the sweep account is automatically swept to the concentration account. In the case of a negative balance, funds can automatically be topped from the concentration account to the sweep account.
- Concentrates your group´s cash balances
- Improves your net interest
- Reduces your need for external financing
- Facilitates your administration