BLINC comes as a standard feature for all our payments account customers, meaning they can transfer fiat currency between each other – at no cost, 24/7 and with absolutely no limits on the sums involved. How our customers are using BLINC Many households operate a bills account, setting aside a certain amount of income each month to pay regular outgoings and perhaps adding a little extra for those inevitable unknowns. BLINC can be used in exactly the same way. BLINC is a separate basket that sits alongside your core payments account. Transferring money into BLINC is not immediate, but once money is there it can be sent to
any other BCB customer instantly. Many of our clients know their typical regular outgoings to other BCB customers and so hold appropriate funds in their BLINC basket, enabling those payments to be made instantly when they are due. Others may have fewer regular transactions, so they simply hold sums in their BLINC basket to enable payments to be made instantly whenever needed. All BLINC users enjoy the key benefits of being able to receive payments faster, thus improving their cash flow and liquidity and ensuring they can deliver payments instantly to other BCB clients, building better business relationships. ◆
Many households operate a bills account, setting aside a certain amount of income each month to pay regular outgoings and perhaps adding a little extra for those inevitable unknowns. BLINC can be used in exactly the same way.
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