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What can we offer you today?
Cash Management
Collections
Check Depot
Sure Collect
Bills Pay Plus
SSS SMEC
Liquidity Management
China Bank Online Corporate
Sure Sweep
Disbursements
Check Write Plus
Upload Pro
Third Party Payment via China Bank Online
SSS Net
BIR eFPS
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Short-Term Working Capital Loans
Long-Term Working Capital Loans
International Banking
Importing
Exporting
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Unit Investment Trust Funds
China Bank GSFund
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China Bank Money Market Fund
Fund Management Services
Investment Management
Employee Benefit Planning
Other Agency Arrangements
Escrow Agency Services
Collateral or Mortgage Trusteeship
Loan Agency
Sure Sweep
BancNet Services
BIR Tax Payments
SSS EDI via BancNet
China Bank recognizes the importance of managing your company’s excess cash as efficiently as possible. Using our China Bank Sure Sweep, your company can automate the pooling of excess funds from several satellite accounts and concentrating them into one mother account for disbursement purposes. This will result in faster and more efficient consolidation of funds as well as a centralized management of company liquidity. As administration of numerous accounts become easier, interest incomes are likewise improved since the mother account usually attracts better rates than the satellite accounts.
Features
Ensures that the amounts debited from several source accounts are successfully credited to the corresponding destination account.
Accounts involved are limited to and within your company’s accounts only. No subsidiaries or affiliates and definitely no personal accounts involved.
Tagging of accounts is done by the company to guarantee that funds are transferred to and from the designated accounts only.
Your company can specify the sweeping rules, minimum and maximum amount per transfer, as well as the frequency of transfers (i.e. bi-weekly, weekly, bi-monthly, monthly).
Benefits
Faster and more efficient consolidation of funds.
Hands-free transfer of funds on both your company’s side and the Bank.
Manual preparation of Letter of Authority to Debit/Transfer Funds is eliminated.
Greater security as accounts involved are within the company.
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