Group account system

A group account system is ideal for companies that need to manage and control the liquidity of subsidiaries and departments. A group account system ensures lower interest expenses and motivates subsidiaries to make effective use of/optimise capital resources.

Benefits:

  • Improved monitoring and control of subsidiaries
  • Simpler group reporting for subsidiaries
  • Lower credit limit
  • Reduced commission and interest expenses
  • Total liquidity overview

Reporting:

In the Internet bank, you will find information about the group's account structure and terms and conditions. Companies with a large number of accounts and the need for tailor-made reports will find DNB's advanced reporting tools highly useful.
Related products: Multi-currency account system, Multi-currency group account system
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Legal issues

The establishment of a group account system requires that the company is an independent legal entity or a corporate group as defined in the Norwegian Companies Act. Any participants from outside Norway must meet the legal requirements that apply in their respective countries.