Concentrate idle funds from various accounts to one account for better yields earning of interest rate
Introduction
Cash Sweeping is the active facility through which surplus cash balances in the customer’s multiple demand deposit account(s) shall be swept at the end of registered transfer day:
- Automatically into a defined demand deposit account of the customer with Shinhan Bank/another bank; or
- Automatically into a defined demand deposit account of the customer’s Parent/Child company with Shinhan Bank/another bank. In this case, the customer must be owned/owns 100% by the Parent/Child company.
