Ensure smooth and hassle-free fund repatriation
Fortis Bank Nederland’s automated collection service simplifies the management of accounts held abroad. You no longer have to check whether the balances on your foreign accounts are in surplus or not, or to take any action to have those surpluses repatriated.
Repatriation is effected from participating sub-accounts to the central account on a periodic basis (daily, weekly, fortnightly, monthly). It is optimised by setting a target (the post-transfer balance to remain on the sub-account) and a threshold (minimum amount to be transferred).
This prevents the transfer of insignificant amounts and avoids the proliferation of cross-border transfers.
What’s more, the transfers are made with a compensated value date, so as to avoid any loss due to value dating.