Collection Accounts

 

Efficiently collect funds from around the world

With collection accounts in over 55 currencies, you can collect funds from customers and subsidiaries in the most efficient way possible and transfer them back into GBP with great exchange rates.

When combined with our risk management strategies, this means you have a stable rate to repatriate your overseas sales and know the exact amount of revenue that will make it back to your accounts in the UK.

EFFICIENT

Simplify your operational management by eliminating the need to maintain your own bank accounts across multiple currencies and locations.

REDUCE COSTS

Avoid associated bank charges and reduce the operational costs often incurred from payment reconciliation, which can be a time-intensive, manual process.

CLARITY

Invoice your customers in their local currency so they know exactly how much they owe and avoid fees when sending funds. Meanwhile, your business has full visibility of incoming payments.

OUR COLLECTION CAPABILITIES

Local currency collection accounts: Collect funds in 58 currencies, many of which are not commonly collected by banks, across many emerging market currencies.

Fund repatriation: Once you’ve collected funds, you can use the competitive exchange rates to transfer them to your business account in your local currency.

Fast and secure: Repatriation of your funds is fast and secure, drawing on our payment technology and requiring only an ongoing payment instruction.

Online: View the funds you’ve collected with Tait through our Online Platform and instruct onward payment.