Online Account Opening
When you've got big plans for your business, you want a bank you can rely on.
Find out moreFINANCIAL SUPPLY CHAIN MANAGEMENT
SUSTAINABLE TRADE FINANCE
Johor-Singapore SEZ
Integrates two economies into one ecosystem, unlocking new levels of collaboration
Find out more
UOB Sustainability Compass
Your go-to sustainability guide. Get your customised report today by taking the quiz now.
Take the quiz
-
you are in WHOLESALE BANKING
For Individuals
Personal BankingWealth BankingPrivilege BankingPrivate BankUOB ReferralFor Companies
Foreign Direct InvestmentUOB ASEAN InsightsIndustry InsightsUOB Islamic Banking
Islamic BankingAbout UOB
Corporate ProfileStakeholder RelationsUOB Digitalisation
Benefits
Centralised treasury control
Consolidate liquidity for better visibility and control.
Optimise use of group funds
Enable enhanced investment opportunities and optimal capital allocation.
Automated sweep services
Eliminate the need for manual monitoring of balances and fund transfer initiation.
How it works
• Balances across your accounts are physically transferred into and out of a central Primary account on an automated basis based on predefined sweep parameters and timing.
• Surplus funds are moved to the Primary account and deficit positions funded from the Primary account.
• Comprehensive reports are available to summarise sweep transactions as well as facilitate intercompany loan tracking and intercompany interest settlement.
Cash Sweep services
Domestic Cash Sweep
Automate the consolidation of liquidity positions across participating entities and accounts in the same currency within a single UOB location and tap into internal group cash to fund cash-short entities or accounts.
Cross-border Cash Sweep
Consolidate your regional liquidity positions and automate the movement of operating balances maintained in accounts held with UOB, in the same currency, across our core locations to consolidate surplus cash or fund cash-short entities or accounts.
Multibank Cash Sweep
Seamlessly concentrate your cash balances held with third-party banks to optimise the use of your cash without manually tracking and initiating funds movement.
Frequently asked questions
What is a Cash Sweep service?
UOB Cash Sweep service is the physical movement of balances (in the same currency) to allow you to either fund the Secondary Accounts or concentrate balances into the Primary Account. We support both domestic and cross-border cash sweep services for accounts held in UOB markets and where regulations permit. Additionally, we also support multibank cash sweep to enable you to consolidate operating balances held with third party banks into UOB.
How often can cash sweeping be done?
UOB offers a wide selection of sweeping frequencies, and we can help structure the ideal cash sweeping service based on your requirements. Please reach out to UOB for more details.
In which locations can UOB support Cash Sweep service?
UOB Cash Sweep services are available in Singapore, Malaysia, Indonesia, Thailand, China and Hong Kong, subject to local regulatory requirements.
You may also like
Virtual Account
A simple and efficient way to manage your collections.
DuitNow Transfer
Transfer and receive funds instantly with DuitNow via UOB Infinity.
Interbank GIRO (IBG)
Convenient, secure and efficient way to make MYR payments.
We're here to help
We use cookies in order to provide you with better services on our website. By continuing to browse the site, you agree to our privacy notice and cookie policy.
