Cash Management
Stay in control of your money at all times with our top-notch range of cash management services designed to help both our business and corporate customers manage their daily cash requirements more effectively and efficiently
Some of the benefits
Track your capital outflows in real-time
With our cash management solutions, you can reduce trapped cash and administer your business centrally – and in real-time
Gain an overall group position view
Participating account balances can be netted, pooled or swept to provide you with an overall group position view
Collect payments easily
With our extensive footprint across Africa and our leading collections capability, you can collect money owed, quickly and securely
Access innovative digital solutions
Our physical and digital payment solutions offer you innovative solutions to accept payments across Africa
Liquidity
Liquidity management is a set of techniques and strategic policies that enables companies to achieve optimal profitability from under-utilised cash and increase control over cash flows. It is the management of the cash balances and short-term investment strategies. The efficient management of cash improves profitability, reduces risk exposure and thereby prevents bankruptcy.
Services offered by our liquidity management team include:
Pooling
- Pooling (also referred to as notional pooling) allows the bank to pool cash in your liquidity management structure. You will accrue or be charged interest, depending on the net balance of the pooled cash. This varies depending on whether you have a negative balance or a positive balance. The primary purpose of a notional pool is to reduce the overdraft interest when you have a negative balance or to maximise interest on your cash when you have a positive balance. There is no movement of your cash from your account and there is no co-mingling of balances, we simply get a snapshot of your cash position. Notional pooling, where allowed, is normally part of a product set offered to customers.
Sweeping
- Here, balances (both debit and credit) in participating accounts are physically transferred into a concentration, master or nominated account for management by group treasury. Sweeping can be done on a zero-balance basis, where the balances in the accounts are brought to zero or where accounts are left at a target level. Sweeping between legal entities creates intercompany loans, on which interest must be paid or received. This is very beneficial when you have independent companies within a group structure, or independent cash generating departments within a single company.
- You also get to enjoy an exchange control advisory service which assists with advice on cross-border liquidity management services
Collections
Stanbic Bank’s collection solutions ensure value is passed to your accounts as quickly and securely as possible, and that enough information is provided for you to identify the source of any funds entering your accounts.
Our range of collection solutions include:
- Direct debit: Funds are pulled electronically from your debtor’s account for credit to your bank account.
- Cash collection via numerous channels, including Auto Safe (a secure cash accepting terminal that counts, verifies, validates and secures bank notes in a tamper-proof container on your premises), branches and cash centres.
- Teller on site: A team of bank tellers handle receipting and counting of cash on your premises.
- Cheque collection.
- Foreign currency receipts.
- Merchant acquiring service: A facility that allows your customers to pay by credit or debit card.
Payments
Stanbic Bank’s payment solutions ensure that your payments are implemented accurately and on time. Payments can be made electronically via a range of secure data transfer channels, or physically by means of cash, cheque or card.
Our electronic payment solutions enable our clients to:
- Initiate payments from remote locations in Uganda, the rest of Africa and globally.
- Make single or bulk payments, for same day value or future value
- Make local or foreign currency payments from a single point of origin
- Transfer funds easily between Stanbic Bank accounts in your own global banking portfolio
- Submit your tax filing (Uganda only)
- Generate comprehensive reports
- Advise beneficiaries proactively when payments have been made
Cash facilities are available for your float, payroll and petty cash requirements. Distribution of cash is handled by our extensive network of branches and cash centres throughout Africa.
Stanbic Bank can generate cheques for single and bulk payments in high or low volumes. A bank generated cheque dramatically reduces the risks associated with the signing of handwritten cheques.
Our corporate card facility provides a convenient payment method for all business expenses. Detailed statements ensure that you maintain control and keep track of your expenses and simplify accounting and auditing processes. The card is accepted by more than 30 million merchants and 900, 000 ATMs internationally.
As an additional service, Stanbic Bank can issue guarantees of payment to your clients’ creditors where required.
Account management
- Account management forms the base for all banking services. We support Ugandan and multinational clients to manage their businesses centrally, with appropriate levels of automation reducing costs and providing different reports to give you real-time visibility of your money and transactions. Our experienced account specialists help you open and administer accounts and connect you to the full capabilities of Stanbic Bank.
- Stanbic Bank offers different account types to suit your company's individual requirements. Resident and non-resident accounts are available in 15 African currencies with the ability to transact in a further 20 non-African currencies (more currencies can be added, if required).
We offer the following account types:
- Current accounts
- Investment / deposit and savings accounts
- Money market accounts
- Loan accounts
- Accounts for financial institutions
- Foreign currency accounts
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Liquidity
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Collections
-
Payments
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Account management
Liquidity management is a set of techniques and strategic policies that enables companies to achieve optimal profitability from under-utilised cash and increase control over cash flows. It is the management of the cash balances and short-term investment strategies. The efficient management of cash improves profitability, reduces risk exposure and thereby prevents bankruptcy.
Services offered by our liquidity management team include:
Pooling
- Pooling (also referred to as notional pooling) allows the bank to pool cash in your liquidity management structure. You will accrue or be charged interest, depending on the net balance of the pooled cash. This varies depending on whether you have a negative balance or a positive balance. The primary purpose of a notional pool is to reduce the overdraft interest when you have a negative balance or to maximise interest on your cash when you have a positive balance. There is no movement of your cash from your account and there is no co-mingling of balances, we simply get a snapshot of your cash position. Notional pooling, where allowed, is normally part of a product set offered to customers.
Sweeping
- Here, balances (both debit and credit) in participating accounts are physically transferred into a concentration, master or nominated account for management by group treasury. Sweeping can be done on a zero-balance basis, where the balances in the accounts are brought to zero or where accounts are left at a target level. Sweeping between legal entities creates intercompany loans, on which interest must be paid or received. This is very beneficial when you have independent companies within a group structure, or independent cash generating departments within a single company.
- You also get to enjoy an exchange control advisory service which assists with advice on cross-border liquidity management services
Stanbic Bank’s collection solutions ensure value is passed to your accounts as quickly and securely as possible, and that enough information is provided for you to identify the source of any funds entering your accounts.
Our range of collection solutions include:
- Direct debit: Funds are pulled electronically from your debtor’s account for credit to your bank account.
- Cash collection via numerous channels, including Auto Safe (a secure cash accepting terminal that counts, verifies, validates and secures bank notes in a tamper-proof container on your premises), branches and cash centres.
- Teller on site: A team of bank tellers handle receipting and counting of cash on your premises.
- Cheque collection.
- Foreign currency receipts.
- Merchant acquiring service: A facility that allows your customers to pay by credit or debit card.
Stanbic Bank’s payment solutions ensure that your payments are implemented accurately and on time. Payments can be made electronically via a range of secure data transfer channels, or physically by means of cash, cheque or card.
Our electronic payment solutions enable our clients to:
- Initiate payments from remote locations in Uganda, the rest of Africa and globally.
- Make single or bulk payments, for same day value or future value
- Make local or foreign currency payments from a single point of origin
- Transfer funds easily between Stanbic Bank accounts in your own global banking portfolio
- Submit your tax filing (Uganda only)
- Generate comprehensive reports
- Advise beneficiaries proactively when payments have been made
Cash facilities are available for your float, payroll and petty cash requirements. Distribution of cash is handled by our extensive network of branches and cash centres throughout Africa.
Stanbic Bank can generate cheques for single and bulk payments in high or low volumes. A bank generated cheque dramatically reduces the risks associated with the signing of handwritten cheques.
Our corporate card facility provides a convenient payment method for all business expenses. Detailed statements ensure that you maintain control and keep track of your expenses and simplify accounting and auditing processes. The card is accepted by more than 30 million merchants and 900, 000 ATMs internationally.
As an additional service, Stanbic Bank can issue guarantees of payment to your clients’ creditors where required.
- Account management forms the base for all banking services. We support Ugandan and multinational clients to manage their businesses centrally, with appropriate levels of automation reducing costs and providing different reports to give you real-time visibility of your money and transactions. Our experienced account specialists help you open and administer accounts and connect you to the full capabilities of Stanbic Bank.
- Stanbic Bank offers different account types to suit your company's individual requirements. Resident and non-resident accounts are available in 15 African currencies with the ability to transact in a further 20 non-African currencies (more currencies can be added, if required).
We offer the following account types:
- Current accounts
- Investment / deposit and savings accounts
- Money market accounts
- Loan accounts
- Accounts for financial institutions
- Foreign currency accounts