Our transactional banking capabilities are supported by our pan-European branch network in 21 countries, with access to pan-European and local clearing houses. Accounts can be held in freely convertible currency and managed through an electronic banking channel. In addition, ING has a strategic cash management partnership with Skandinaviska Enskilda Banken that covers the seven Nordic and Baltic countries. We also have a strategic cash management partnership with ProCredit Bank for six Balkan countries and Erste Group Bank for Croatia and Slovenia.
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- Cost efficient and future-proof solution to support clients’ growth, and a pan-European solution which creates the most efficient account structure and cost-effective services.
- Improved reporting visibility and automated account reconciliation. ISO20022 standards and XML combined with near real-time position reporting are applied as tools to maintain control of accounts.
- Optimised cash management solution that offers cross-border, local clearing recognised IBAN bank accounts for collection and payments in the European area through real-time cash concentration.
We can offer all commonly used payment and collection services within our international network, both locally as well as cross-border. Through our proprietary branch network we can efficiently service payments and collections in the following countries: Austria, Belgium, Bulgaria, Czech Republic, France, Germany, Hungary, Ireland, Italy, Luxembourg, the Netherlands, Poland, Portugal, Romania, Russia, Slovakia, Spain, Switzerland, Turkey, United Kingdom and Ukraine. We can also open accounts in locations where ING has a local presence such as Singapore.
ING has bilateral agreements with various banks around the world to open accounts:
- Via Skandinaviska Enskilda Banken: Denmark, Estonia, Finland, Latvia, Lithuania, Norway and Sweden; either open accounts with ING in the Netherlands with local Nordic Re-account Services (Denmark, Norway, Sweden) or via own local accounts;
- Via ProCredit Bank: Albania, Bosnia and Herzegovina, Greece, Kosovo, Serbia and North Macedonia;
- Via Erste Group Bank for Croatia and Slovenia;
- Others, such as Bank of America in the United States of America.
An account structure forms the cornerstone of any successful cash management solution. We can set up a lean and cost-effective bank account structure that holds a ‘master’ current account and multiple ‘slave’ accounts to execute transactions and support centralised cash and liquidity management. To implement more complex structures, an ING implementation manager can be assigned to guide the organisation through the implementation by applying a project approach.
You can open accounts in different countries with just one single request according to a time-saving process and uniform documentation. We offer two options to have the account life cycle handled in a uniform, easy and predictable way:
- Within InsideBusiness, ING’s online banking platform, designated Corporate Administrators can manage the accounts online. A simple Service Request supports the account reservation, documentation request (checklist), opening, maintenance and closing of accounts.
- Electronic Bank Account Management (eBAM) consists of a standard protocol and set of XML messages which enable organisations to communicate independently for efficient management of bank accounts. Centralised companies with a SWIFTNet connection can exchange acmt messages with ING to manage the accounts via their ERP system.
Why partner with us
Our purpose is to empower people to stay a step ahead in life and in business. So whatever your financial needs, whether you are looking to expand and want strategic advice, or just want to make your day-to-day banking more efficient, we are here to support your business ambitions.
- Serving corporate clients and financial institutions in over 40 countries.
- We pair local and global insight with sector knowledge with financial expertise.
- We are ranked as a leader in sustainability and we are included in the FTSE4Good Index.
Best Bank for Cash Management in W. Europe2020
ING's AI tool Katana named Innovator2019
ING wins Green bond of the Year award2019