Liquidity Solutions

Special bank statements can be made available to you according to the specifications of your ERP (Enterprise Resource Planning) systems to facilitate easier reconciliation of your BPI deposit accounts.

Examples are:

a. MT 940 — sent via SWIFT
b. BAI format
c. Multicash format

Soon to launch - ISO 20022 CAMT.053 format

Account sweeping enables you to make daily scheduled and automated transfers between your designated main accounts and subsidiary accounts. You may set account sweeping instructions to transfer funds from Subsidiary accounts to the Main account or reverse account sweeping where transfers are sent from the Main to Subsidiary accounts.

Transfers are based on the following business rules:

a. Minimum balance — the transfer amount will be the excess of the set minimum balance.

b. Fixed transfer amount — the transfer amount is specified in the sweep instructions upon set-up.

c. Percentage — transfer amount is based on the percentage set in the sweep instruction (available in account sweeping only).

There are three transfer schedule types that you may choose from when using account sweeping:

a. Transfer now
The amount will be transferred immediately from the participating/subsidiary accounts to the header/parent account.

b. Transfer on
Schedule the transfer on a particular date.

c. Transfer every
Schedule recurring transfers daily, weekly, and monthly.

Yes, account sweeping accommodates reverse account sweeping where you may create instructions to transfer from the header account to the participating accounts.

Currently, account sweeping does not support multi-currency transfers.

For any inquiries or concerns, please e-mail us at bizlink@bpi.com.ph. You may also send us a message or call our 24-hour BPI Contact Center at (+632) 889-10000.