Barclays

International credit balance aggregation

Our fully automated pooling and interest allocation scheme allows you to keep your money in separate accounts while still allowing you to benefit from the aggregation of these funds. If you need to hold client monies in individually designated accounts, this service gives you a practical, helpful solution to an otherwise complex and time-consuming task.

It offers you:

• Higher rates of interest
  Interest is calculated based on the total funds that your company holds across all accounts.
• Easier administration of accounts
  We can provide you with a detailed interest and transaction statements covering all accounts within your arrangement, giving you a full audit trail that will help you comply with any legal and regulatory requirements. We handle all calculations and payments of interest, so any queries can be dealt with quickly and easily.
• Flexibility of interest calculations
  Interest can be allocated to individual accounts in accordance with your instructions, giving you added flexibility in the rates you can offer to each account within the scheme.
• Flexibility of interest payments
  Interest is normally credited quarterly, but a monthly option is available on request.
• The ability to hold clients' monies in individually designated accounts
  Each account will have full current account capabilities, which may include statements, chequebooks and overdraft facilities.
• The freedom to include any number of accounts
  There’s no restriction on the number of accounts you can include within your arrangement.

Find out more about international credit balance aggregation

To learn more about how Barclays could help your business, please contact us and we'll be in touch as soon as possible.

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