When clients’ cash requirements cannot be projected with certainty, we have a convenient alternative – the innovative FlexiDeposit.
The FlexiDeposit is a premium version of the Call Deposit in that it pays interest similar to Fixed Deposits, yet gives the flexibility to withdraw at short notice.
- The higher the amount is; The higher the interest rate becomes
- Complete flexibility in operating the account on a day to day basis just like a Current or Call Account
- Cash withdrawals are allowed within pre-set limits
- Third party payment by cheques in the name of beneficiary and couriered overnight
- Daily Account Statements via e-mails
- Monthly Statements by post
Our clients also have the option of outsourcing their Payables function to Finance House. We have a highly customized service which operates seamlessly with the FlexiDeposit, under which we effect payments to designated beneficiaries on the basis of client instructions. This service is designed to maximize the yield on clients’ cash balances that would otherwise remain idle, and at the same time makes for an effective payment process.