Cargills Bank PLC

Cargills Bank PLC operates in Sri Lanka. It provides diverse financial services. These services cover retail, business, treasury, and payment solutions. The bank leverages its Cargills Food City network for unique agency banking.

Retail Banking Products and Digital Access

Cargills Cash Savings Account offers a floating LKR interest rate. A minimum average monthly balance of LKR 2,000 is required. The Cargills Cash Salary Account has zero minimum balance. It includes an overdraft facility up to 50% of monthly salary. Senior Citizen Savings Account provides a +0.25% bonus interest uplift. Women's Savings Account links to JustPay QR payments. It allows biometric-verified non-face-to-face onboarding. The Childrens Savings Account features an annual birthday bonus interest. Parental controls manage withdrawals. Cargills Cash Foreign Currency Account supports USD, GBP, EUR sub-ledgers. It is SWIFT-enabled for international transfers. Cargills Cash Current Account allows unlimited LKR transactions. It issues cheque books within 24 hours. The Business Current Account offers monthly e-statements in PDF and CSV. It has an integrated API for ERP reconciliation. Cargills Cash Fixed Deposit offers tenors from 1 month to 5 years. It includes an auto-renewal option. The Investment Planner Account has sweep-in/-out facilities. Customizable tenor buckets are in 3-month increments. Cargills Bank Debit Card supports EMV chip and contactless payments. Its daily ATM withdrawal limit is LKR 50,000. The Cargills Bank Credit Card is Visa Platinum. It offers an interest-free period up to 45 days. The revolving credit limit is up to 3× monthly salary.

The Cargills Cash Mobile App enables CEFT/RTGS fund transfers 24×7. It features in-app fund-hold for instant QR-based merchant payments. Cargills Bank Internet Banking uses multi-factor authentication. It supports bulk upload (CSV) for multiple beneficiary transfers. The Cargills Cash App allows cash deposits and withdrawals. This is available at any Cargills Food City checkout. It also includes a Send Cash feature to any mobile user. Cargills Bank offers agency banking through 550+ Cargills Food City outlets. These MINI Service Points enable deposits, withdrawals, and bill payments.

Business and Corporate Solutions

The Cargills Bank SME Current Account has zero monthly fees. This applies if the average balance is LKR 500,000 or more. It provides free e-statements and online reconciliation. Cargills Bank Corporate Current Account offers a customized signatory matrix. It uses API-powered transaction alerts. Cargills Bank Working Capital Loan is a revolving credit line up to LKR 50 million. Interest is charged only on the utilized portion. Cargills Bank Term Loan has a fixed repayment schedule. Tenors range from 1 year to 7 years. Up to 75% LTV is available on approved asset value. Cargills Bank Project Financing offers a balloon repayment structure. Tenors extend up to 10 years. Cargills Bank Distributor Financing provides cash-flow based disbursement in tranches. It links automatically to sales data for stock financing. Cargills Bank Supplier Financing includes supply chain receivables discounting. DSCR covenant is monitored quarterly. Export Documentary Credit Advisory offers advising and confirming services. It integrates with SWIFT MT 700 series. Cargills Bank Import Financing provides pre-shipment and post-shipment facilities. Rolling tenor is up to 180 days. The Invoice Discounting Facility advances up to 90% of invoice value. The facility limit auto-refreshes on repayment. Cargills Bank issues various Bonds & Guarantees. These include bid bonds and performance guarantees. Issuance is via CSB portal within 24 hours.

Treasury, Payments, and Specialized Technologies

Cargills Bank Spot Contracts offer real-time FX rates in 25+ currency pairs. They facilitate same-day settlement (T+0). Cargills Bank Forward Contracts provide FX in tenors up to 12 months. Monthly mark-to-market valuation is performed. The bank offers Treasury Bonds & Bills. Primary subscription is via LankaClear. Secondary trading occurs on CBSL-approved platforms. Auto-roll features are available. Cargills Bank Repo & Reverse Repo services include daily term repos in LKR. Reverse repo tenors are 1-14 days. Haircut rates adhere to CBSL guidelines. Cargills Bank LankaRemit allows on-pay-in via Debit/Credit card. Pay-out is via bank account or cash agent. Real-time tracking is available. Cargills Bank RippleNet On-Ramp facilitates interbank settlement. It uses a crypto-agnostic messaging layer. The Internet Payment Gateway is PCI DSS v3.2 certified. It is 3D Secure-enabled. It also supports recurring billing APIs. Cargills Bank CEFT (LankaPay) provides 24×7 inter-bank fund transfers. It allows 10 MB file size for bulk transfers. Cargills Bank QR Payments are LankaQR-compliant. They generate dynamic QR codes. Instant settlement to merchant accounts at Food City outlets is provided.