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Business clients › Accounts and payments › Bank accounts › Business group account › Overview

Business group account

• Overview

Business group account allows flexible management of the finances of the whole business group. Business group account is a conglomerate account which features the total balance of all current accounts of group members. The head of the business group can reassign the group members’ financial means by setting limits internal to the group.

Advantages of business group account

• Easy re-allocation of finances between members of the business group makes for an effective management of finances.
• In case of financial escalation (e.g. current account overdraft) the loan can be used by all members of the group.
• Common interest calculation allows for an increase in interest yield or, in the case of an overdraft loan, to optimise the cost of the interest payable.
• The option of setting an internal limit to transactions in each currency allows the group to save on the fees of converting currency.

You can view the transactions on Your business group account via Sampo Internet Bank, and also change the limits internal to the group account.