The service Automatic Account Balance Maintenance allows you to maintain a certain balance on their accounts by transferring funds from one your account to another account with the bank in an automatic mode.
Thanks to this service, you can save time – there is no need to regularly supplement and check account balance levels, as this is done automatically, you have to define the supplement parameters and validity term of the service.
Banking transactions are performed simultaneously, in the full amount and in the terms set and parameters specified by you – it is only necessary to complete an application for maintaining account balance and make available funds on the account from which the transfers would be made.
Use of the service Automatic Account Balance Maintenance is particularly efficient when you have various Bank accounts (current, savings, payment card accounts) and are willing to manage them promptly and efficiently time wise.
Examples of efficient application of the service:
To maintain the balance on a certain level in cases when you have a Current account and Payment card account that you plan to supplement to a specific amount on certain days with a specific recurrence;
You have a Current account where deposit interests and proceeds from transactions with financial instruments are transferred. To create extra provisions, you have opened a Savings account where you want to transfer a certain amount from the funds arriving to the Current account;
Your company has a Current account and sub-accounts assigned to specific structural units of the company. If it is necessary to maintain a certain balance on one of the sub-accounts the automatic account balance maintenance service will ensure efficient cash flow management.
Who to apply for the service?
It is necessary to complete the Automatic Account Balance Maintenance Application:
The application could be completed at the Bank (with the personal of Digipass signature);
The application could be sent via the Internet Bank as a letter with the completed (and signed with Digipass) application enclosed thereto;
The application could be sent to the Bank by fax (with Digipass signature);
The fee for transfers under the account maintenance programme is deducted from the account from which the transfer is made according to the Pricelist.
What to be included in the application?
Your Current account number, from which the payment will be made:
It is possible to choose the currency code of the account from which the payment is made, which is particularly convenient when you are willing to supplement another account, for example, solely from balances in a specific currency.
The account number to which the payment will be made (Current account, Savings account, or Payment card account)
The balance to be maintained on the account to which the payment will be made:
If the currency code on the account from which the payment is made does not match that of the maintained balance, the Bank shall perform automatic currency exchange.
The Automatic Account Balance Maintenance Application term specifying the date of the first payment (indefinite term, for a certain term, or single).
If the customer is willing to terminate the validity of the application before its expiry term, it is necessary to inform the Bank thereof (it can be done by sending a relevant letter via the Internet Bank or writing a personal application).
Frequency of balance supplement on the stated account:
Every banking business day (from 09:30a.m. to 05:30p.m.);
Once a week (on the weekday when the first payment was made (from 09:30a.m. to 05:30p.m.));
Once a month (on the dates when the first payment was made (from 09:30a.m. to 05:30p.m.));
Number of days after which the payment should be repeated (from 09:30a.m. to 05:30p.m.);
Single transfer for maintaining the account balance on a specified date (from 09:30a.m. to 05:30p.m.) specifying a date.
If the date of a regular payment is a weekend or a holiday, the payment will be made on the first business day.
The fee for balance maintenance payments is paid by the customer from whose account the account balance maintenance transfer is made.
You may instruct the Bank about the further actions in cases when it is impossible to make a payment according to the parameters specified to the Bank:
Not to make the payment;
To inform you via the Internet Bank, e-mail, phone, or otherwise about impossibility of the transaction.
