Your accounts: you can register and access up to 999 of your company’s sterling or currency accounts held with Royal Bank of Scotland, including accounts held by subsidiaries. Accounts can be added or removed whenever you like.
Payment limits: your business can set a payment limit for single payments made from your accounts, and the level at which authorisation is required to process it. You can also set individual payment limits for each of your users.
View balances: Bankline allows you to view balances in several different ways. These include:
- Last night's ledger: the ledger balance, including all uncleared items, as at the close of the previous business day.
- Last night's cleared: the ledger balance excluding all uncleared cheques credited to the account, as at the close of the previous business day.
- Today's ledger: the ledger balance including all uncleared items, plus debit and credit transactions known to us at the beginning of the business day.
- Today's cleared: the balance for the account, including debits and credits that have been cleared or are due to clear that day. Please note, this balance doesn't reflect items that are reversed and other items passing throughout the day.
Please note: only balance information for accounts held with us are available in real-time in Bankline. This means that items are shown as they are received and processed during the day. However, items are subject to verification and possible reversal or adjustment.
While this provides an indication of the balance which can be paid from your accounts, items can still be returned unpaid and this balance doesn't guarantee that finality has been achieved on these items. For example, funds may show as cleared for interest and available funds purposes, however, you should allow at least four working days before you use the money from a cheque paid in. In some cases cheques may still come back unpaid after this time.