Intra Group payments offer two major benefits:
- the same day execution
- no charges
Definition of a group payment Group payments are payments between the affiliated companies of a client: between a parent company and a subsidiary when the parent company controls at least 50% of the shares of the subsidiary, or between two subsidiaries whose parent company controls at least 50% of the shares of each subsidiary.
For more information about group payments and their cut-off times, please contact our
Corporate Banking department or our
Operations and Payments department.