UOB Cross Border and MultiBank Sweep | UOB Indonesia

Cross Border and MultiBank Sweep

Cross Border and MultiBank Sweeps are innovative liquidity management tools by UOB that allow clients to move funds automatically between different accounts of the same currency to obtain the desired balance and optimise returns.

Cross Border Sweep

Fund transfer of the same currency between client’s accounts, which are held at banks under UOB Group
To enable clients to pool funds in the Primary account to optimise returns or to fund Secondary accounts to minimise interest expenses.
Sweep will be processed during bank’s working hours

MultiBank Sweep

Fund transfer of the same currency between the client’s accounts, with the Primary account at UOB and the Secondary accounts at other banks.
To enable clients to pool fund in Primary account to optimize return or to fund Secondary account to minimize interest expense (if any)
Sweep will be processed during bank’s working hours

Benefits and Features

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