1. Medium and Large Corporates
  2. Cash Management
  3. Receivables Management
  4. Cash Collection

Cash Collection

Features

  • Reduce risk in cash handling associated with cash collections by outsourcing with UOB’s Cash Collection services. Cash will be picked up by a professional courier at your site and delivered to the UOBT BRANCH nearest to your office. Additionally, UOB provides Cash Delivery service to your branch and/or retail outlet as per specific instruction.
  • Your centralized account with us will be credited immediately if the deposit is received by the designated cut-off time.

Benefits

  • Reduce risk: The UOB will be responsible for cash handling from your site(s) to the bank.
  • Simply bank account: Only one account is needed to handle cash collection throughout the country. This method reduces the volume of idle funds in various bank accounts.
  • Simplified process: Your deposit information is sent to you at the end of the day for daily reconciliation

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