Virtual cash pooling

About the product

Virtual cash poolingis a service, which belongs to the group of liquidity management products, which enables increasing financial effectiveness in a capital group. Calculating interest on balances of PLN accounts in virtual cash pooling the Bank applies a different principle of calculating interest, which will bring tangible benefits for the entire group. The service offered by Bank Millennium is fully automatic and virtual i.e. it does not cause transfers between the Customer’s accounts. Together with the service the Customer receives a complete set of management information, presenting the attained benefits.

Benefits:

  • Increase interest benefits on negative and positive balances of accounts in the group.
  • Improve the financial result of the whole group, at the same time maintaining full financial autonomy of the individual companies forming the group.
  • Reduce cost of current account overdraft by reflecting funds on accounts of other companies in the group.

How to use

Corporate Branch

Get detailed information about Bank Millennium products by contacting Advisors in the Corporate Banking network.

Contact with Advisor

Related products

Real cash pooling

Manage liquidity in the capital group

Multi-currency virtual cash pooling

Increase interest effectiveness in the capital group