Group account

The Group Account consists of a notional main account and multiple sub-accounts. The main account aggregates the group's available funds.

All sub-accounts contribute to the group's total balance. Group members can use the group's available funds within the internal limits assigned to them.

Each sub-account can be assigned an internal limit, which regulates how much of the group's shared funds a member can use and to what extent they may have a negative balance.

The Group Account owner can optionally set a daily limit to restrict the maximum value of transactions per day.

Each group member can make payments from their own available funds and, if applicable, within their assigned internal limit.

As a member of the group, your company can utilise the balancing service, which enables offsetting negative balances on sub-accounts or directing a positive end-of-day balance to a designated account.

Users can view the balances and internal limits (including available balance) of both the main account and the sub-accounts in Internet Banking.