Account Sweeping Facility

The BDO Account Sweeping Facility allows you to automatically transfer balances between several accounts and consolidates funds into a single account at any BDO branch of your choice. Accounts maintained at BDO branches nationwide can be linked to a "concentration" account. Minimum balance for each linked account can be individually assigned and funds in excess of the required minimum will be automatically transferred to the concentration account at the end of each banking day.

Benefits

• Cash balances from various operating accounts are consolidated into a single account on a daily basis
• Keeps your idle funds at a minimum
• Automated fund transfers between the linked accounts to expedite your cash flow monitoring
• Participating accounts may be used for your collections (if you have nationwide operations) since deposits to these accounts will be processed on-line
• Longer banking hours for your banking transactions
• Linked accounts can be enrolled in BDO eBanking which allows real-time access to account activity