Companies can manage account and control revenue, expenditure of each affiliates/subsidiaries.
Affiliates/subsidiaries are more proactive in receiving funds from the holding company.
Profitability of funds is maximized. The concentration of periodical funds helps companies enjoy more current promotional interest rates and service fees of SCB.
Requirements: Customers have a current account at SCB.
Funds cand be transferred among accounts of a company or among such accounts and those of affiliates/subsidiaries.
Period for fund transfer: daily, weekly, monthly.
Methods of fund transfer:
+ Transferring a fixed amount.
+ Transferring amount exceeding a target balance.
+ Transferring the entire balance (after deducting a minimum balance).
+ Automatically transferring to a specific account when its balance is lower than the target balance.
+ Transferring fund from divestment.
+ Transferring when customers are in need of making payment exceeding the balance of the receiving account.
Service fee: As per SCB’s applicable fee schedule (see here).
Contract for centralized account management (as per SCB’s form)