Accesscu Cash Management

How Accesscu Cash Management Works

Accesscu Cash Management links business checking to a pooled savings account, sweeps idle cash daily, issues virtual cards and attaches an overdraft protection line, all managed in one dashboard.

Accesscu holds €1.2 billion in member deposits and ran 99.9% uptime through 2024, so balances move the moment they land. The cash management layer is included with business checking at €8.50 per month — there is no separate software fee and no per-user charge.

Every move is logged and reversible within the business day. If a sweep is wrong or a vendor payment is duplicated, a one-minute reversal restores both accounts, and the audit trail shows who acted and when.

1. Link accounts

   Business checking and the pooled business savings account are linked in the app at setup — one tap, no middleware.

2. Set a rule

   Choose daily sweep, threshold sweep above €5,000, or manual. The default is a daily sweep at 6pm.

3. Approve and go

   One approver confirms the rule once, then sweeps and reversals run without further approvals.

Daily Sweeps and the 3% Idle Cash Yield

Idle cash is swept at 6pm each business day into a linked pooled savings account earning 3% AER on every swept euro, paid monthly into your business checking account.

The yield applies from the first euro swept — there is no tiering and no minimum balance, unlike the personal tiers of 1.0% to 2.5% AER that apply inside the standard savings plan.

Swept balances stay within Accesscu, regulated by the Central Bank of Ireland, with deposits insured to €100,000 through the Irish deposit guarantee scheme. Interest is paid on the last business day of the month, never in arrears.

Virtual Cards for Business Spend

Issue unlimited virtual cards — single-use or recurring — linked to a vendor, a team member or a budget, with no plastic required and no annual fees.

Virtual cards are generated in seconds and shown only in the dashboard: the PAN is never printed and can be frozen instantly if a vendor is compromised.

Cards can be limited to one merchant, one category or one budget cycle, and every card's spend appears in a single real-time feed with card-level limits.

• Single-use virtual cards, one fresh PAN per purchase
• Recurring cards with a fixed weekly budget that pauses once the cap is met
• Merchant-locked cards that work only at one vendor's checkout
• Instant freeze and reissue from the dashboard or mobile app

Overdraft Protection Lines

An overdraft protection line from €2,000 to €250,000 covers any end-of-day deficit automatically, priced at a fixed margin above the ECB base rate and confirmed in writing before use.

The line is unsecured up to €25,000 and asset-backed above that figure. It is drawn only up to the shortfall amount, so your daily cash position stays exactly on plan, and the confirmed rate holds for 60 days.

Interest is charged only on the days you use the line, with no arrangement fee at initial approval. The line is reviewable annually against turnover and repayment behaviour.

• Automatic cover — the line accepts exactly the shortfall, no more
• Unsecured to €25,000, asset-backed above
• Interest-only usage, charged on days used
• No arrangement fee at initial approval

Multi-User Approval Limits

Add unlimited users with viewer, maker or approver roles and require two approvals for any payment above a limit you set, from €250 up to €100,000.

Simple accounts keep one approver; finance teams use maker/checker: one person creates the payment, a different person releases it, and neither can do both for the same transaction.

Supersized limits over €100,000 always demand two approvers regardless of role, and any limit change is logged with the admin who made it.

Frequently Asked Questions

The four cash management questions members ask most — cost, setup time, multi-user access and yield — are answered below.

For anything else, call +353 1 555 0123 — a specialist answers 24/7 — or browse the rest of the business hub for payroll, cards and payments.