Banking > Islamic > Cash Management-i > Auto Funds Transfer Service (AFT)
Auto Funds Transfer Service (AFT)

Provides you the flexibility of transferring funds within group accounts and allows you to set your sweeping preferences. Our solution is not only cost-effective, it also saves you time as it eliminates manual tracking of funds, resulting in better accuracy and better usage of resources.

Click here to read FAQ

Key Usage

tickAuto-sweep is a two-way transfer where it allows funds to be transferred automatically from the main account to a sub account and vice versa.

tickCash pooling and cash distribution are one-way transfers where funds are transferred from the sub to the main and the main to the sub respectively.

Key Features

tickSweeping of funds are fully system initiated

tickSweep will be executed at the end of day, based on the closing balance of the main and sub accounts

tickMain account and the sub account can be maintained at different Alliance Bank branches

tickSweeping of funds is also allowed between related companies e.g. between holding company and its subsidiary

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