Our Cash Management Products include:
Payments via our Electronic Banking system which enables you pay staff, vendors, etc. quickly and efficiently but not limited to:
- NIP(NIBSS Instant Payment)
- NEFT (NIBSS Electronic Funds Transfers) for your high volume, low value payments e.g. Payroll, Supplier payments, etc.
- RTGS (Real Time Gross Settlement) for your low value, high value payments through our various Channels
- Manager's Cheques
- Corporate Cheques
- Account-to-Account Transfers
- Cross-border payments
Collections product suite which have been designed to help you pull funds into your account as quickly as possible through:
Direct Debit initiation, Branches, Point of Sale terminals, Internet portals etc.
Liquidity Management solutions which offer greater control and returns on your working capital using:
- Pooling & Cash Concentration (Sweeps - Zero, Target & Range Balance)
- Intra-day account balancing & funding
- Management of intra-group/intercompany lending
- Interest calculations and interest reallocation to sub-accounts from surplus balances
- Account Structures which help streamline your account relationships in order to minimize reconciliation issues and get the best returns using our Current Account, High-Yield Account & Time Deposit Accounts.
Financial reporting which provide detailed, customizable reports both for your accounts with FCMB and other banks.