One Way Depository Arrangement (OWDA+)
Remittance of collections from your salesmen / agents / dealers may be coursed through UCPB branches. All collections will be credited to your account, with vital information captured for easier management and reconciliation.
The UCPB One-Way Depository Arrangement (OWDA) service allows you to:
- extend your reach to your sales force and allow them to remit their collections faster
educe the risk of loss through lesser cash handling
- free up your accounting & finance staff from tedious daily management of collections
- improve fund management, as funds are immediately credited to your account upon remittance of collections
- streamline monitoring and reconciliation through extensive data capturing and consolidated collection reports
- have the option of customizing UCPB deposit slips to be filled up by your agents
The UCPB OWDA may be linked to UCPB’s online banking facility UCPB CM.Biz for real-time access to your accounts.