Fortis Business

Business Solutions

Automated Collection

Ensure smooth fund repatriation, with no hassle.

Fortis Bank's Automated Collection service makes the management of accounts held abroad much simpler, in an automated way.  You no longer have to check whether the balances on your foreign accounts are in surplus or not, nor to take any action to have these surpluses repatriated.

The repatriation is effected from participating sub-accounts to the central account on a periodic basis (weekly, fortnightly, monthly).  It is optimised by setting a target (the post-transfer balance to remain on the sub-account) and a threshold (minimum amount to be transferred). 

This prevents the transfer of insignificant amounts and a plethora of cross-border transfers. 

What's more, the transfers are made with a compensated value date, so as to avoid any loss due to value dating.