Managing the process of collections and payments is vital to your business. It affects your cash flow and ability to grow. That’s why we have simplified this process by putting the speed of our entire network to work for you.

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Boost cash flow

Optimise and improve cash flow.

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Streamlined service

Get efficient cash collection and delivery.

24/7 tracking

View, track and make payments any time.

Automation

Automate everyday tasks.

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Efficiency

Cost-effective, customised services.

 

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Expert assistance

Dedicated cash management specialists.

Electronic banking

Online banking and Host-to-Host integrated services.

Ease of use

Seamless payment processing.

Bank online 24/7 with Barclays Integrator

Online Banking

Our online banking service - Barclays Integrator - gives you the ability to access your corporate accounts when you need to. It’s a quick, convenient and secure online solution that provides access at any time, wherever you are in the world.

Key Benefits
  • Integrated Functionality - Through simple and easy access to a core operating platform designed for Corporate and Business banking clients, you can access a range of products and services through one interface.
  • Integrated Security - Multiple security features are integrated to provide maximum security.
  • Integrated Expertise - The most advanced technology available, coupled with the best minds in the industry and in-depth research on client requirements.
  • Integrated View - You can view all your accounts across Africa through one web application.
  • Integrated Service - Barclays is committed to providing you with the best customer service and support for all your electronic banking requirements.
Features

The features of Barclays Integrator are as follows:

  • Barclays Integrator is Internet-based and thus eliminates the need for software distribution
  • Provides online access to up-to-date statement information on Barclays accounts held within all countries within the Barclays Africa.
  • Provides Statement and transaction search facility
  • Provides online access to: Group Balance reports, Individual Account Balance reports and end-of-day balance
  • Exports all statement information to a treasury workstation for reconciliation purposes
  • Enables real-time transfer of funds between Barclays accounts
  • Payment to non-Barclays beneficiaries authorised prior to the specified time will be in the beneficiaries’ accounts on the following business day and for value, the same day
  • Payments effected through Barclays Integrator are bank guaranteed payments, that is, received as “cleared funds”
  • Enables Electronic payment to ad hoc/nominated beneficiaries
  • Supports different types of payments - Local, Inter Account Transfer, Urgent, Local Recurring and SWIFT (Cross Border)
  • Supports mandate-driven collection from counterparty
  • Executes payments from anywhere around the world
  • Updates beneficiary profiles in real time

Payment solutions that are on the money

Outgoing Transactions

Outgoing Transactions (Customer Account Debited)
Service type Cut-off times (CAT) Application of Value Date
Cash & Cheque transactions
Banker’s Cheque/Draft 15:30 Account debited on day of issue
Cash Delivery Company’s Office

Instruction to be received by the branch at least one working day before the day of deliver

(Cash will not be delivered after 15:00)

Account debited on day of delivery
Cash Out Branches Branch hours Account debited on day of withdrawa
Customer Cheque Printin Payment files need to be received by the bank 2 working days before cheque beneficiary due date
Banker’s cheques ⁄ drafts: account debited on the day of issue if issued before 15:00, or the following business day if posted by 15:00
Domestic & International transactions
Domestic Book Transfer 15:30 (Branch) ⁄ 21:00 (BI) Account debited/credited same day. Funds available immediately
Domestic Non-Urgent/ACH Payment 14:00 (BI)/16:00 (Branch) Account debited and delivered to counterparty bank same day (D)
Domestic Urgent/RTGS Payment 15:00 (Branch)/15:30 (BI) Account debited and delivered to counterparty bank same day (D)
International Payments via SWIFT 12:00 (ZAR)/15:00 (other currencies) Account debited same day (D) and credit delivered to counterparty bank on D+2
Payroll/Salary Payments 10:00 Accounts debited/credited on D
Standing Order 14:00

Barclays Bank Botswana: accounts debited/credited on instruction date specified (D)

Payments to other banks: account debited on instruction date specified (D) and credit delivered to counterparty bank on D+4

Stop Payment Instruction Branch hours Instruction will complete immediately as long as the transaction has not been completed
SWIFT MT101 Outbound 15:00 Account debited same day (D)

Glossary

BI Is the Barclays Integrator online banking facility
Business Day Is a day in Botswana on which banks are generally open for business, excluding weekends and local public holidays.
CAT Is Central Africa Time, which is a time zone used in central and southern Africa that is two hours ahead of UTC/GMT.
Cut-off time Is a time by which Barclays must receive a payment instruction or a payment into an account if it is to be processed that day.
D, D-x, D+x
D means the day on which Barclays receives a funds transfer or a payment instruction, or if this is after a Cut-off time or on a non-Business Day, the next Business Day. D–x means x Business Days before D. D+x means x Business Days after D.  
RTGS Is Real Time Gross Settlement System, a payments system in which processing and settlement takes place in real time (continuously), i.e. as each transaction is cleared its value is also settled between the two banks.

Optimise your cash flow with Liquidity Management

Liquidity mangement

We understand the importance of efficient cash management.

By consolidating your cash you’ll know just how much cash you have and are able to decide whether to use it for internal funding, reducing borrowing costs or investing surpluses. We’re also able to consolidate balances held at other banks via MT101 sweeping, as well as provide visibility of balances held at other banks through MT940 reporting.

Define your own automated cash sweeping between multiple bank accounts,– with reduced administration time and cost.

Your relationship team will work with you to make sure you are getting the best return on your funds. They can help you use our range of investment products, from call accounts, tiered call accounts to fixed deposits, and structured deposits offered through our markets team.

 

Interest

If interest is payable on an account, the time from which interest becomes payable
on funds credited to an account depends on how the funds were received.

Type of payment to an account Interest payable
Cash and electronic payments in BWP Accrued daily and paid monthly
Cash and electronic payments in other currencies Accrued daily and paid monthly
BWP cheques drawn on a Barclays Bank Botswana account and paid in at a Botswana branch of Barclays Accrual from day of cleared value (D+2)
Cheques in other currencies or drawn on a non-Barclays Bank Botswana account Accrual from day of cleared value (D+3)

Benefit from our range of Collections solutions

We understand the need to collect quickly across various channels, with efficient reconciliation. Barclays is able to offer collections via:

  • Direct Debit – files initiated through Barclays Integrator or through Host to Host
  • Cash Collections – at the branches through a CIT company, with the provision of overnight safe deposit services where required
  • Card Aquiring – our point of sale machines are able to collect from Visa, Mastercard, Union Pay, AMEX, 
  • e-Commerce – customised virtual collection solution tailored to your needs

Incoming Transactions

Incoming Transactions (Customer Account Credited)
Service type Cut-off times (CAT) Application
Cash & cheque transactions
Cash/Cheque Bulk Collections 15:30 Cash: account credited and funds available on day of collection
Cheques are subject to local clearing times
Cash Paid In At Bank 15:00 Account credited same day. Funds available immediately
Doorstep Banking/On-site Teller 15:00 Cash: account credited and funds available same day (D)
Cheques are subject to local clearing times
Cheque Deposit – Local Currency 15:30 Cheques drawn on Barclays Bank Botswana are credited to the account and cleared on D+2
Cheques drawn on other local banks are credited to the account and cleared on D+3
Funds are available on day of clearing
 
Cheque Deposit – Foreign Currency 15:30 Cheques drawn on oversees banks are credited to the account and cleared D+6 weeks on all major currencies
Funds are available on the day of clearing
Cheque Deposit – Foreign Cheque Collection Branch hours Account credited and funds available on the day
the funds are received from the drawer’s bank
Domestic & International transactions
Domestic Electronic Funds Transfer 14:00 Account credited on the day of receipt and funds available immediately
International Inward Receipt 15:00 Account credited and funds available on day of receipt
Domestic Direct Debits 13:00 (BI)/15:00 (Branch) Account credited and funds available on the collection due date
SWIFT MT101 Inbound 15:00 Account credited and funds available on day of receipt

Need more help?

Call:

Tel: +267 315 9524
Fax: +267 395 9780
Toll free: 080 060 0783

Email:

bbb.commercial@barclays.com

Talk to us