BANCO De Oro Unibank, Inc. (BDO) is making its cash management service more accessible and convenient for micro businesses and small and medium enterprises (SMEs) through a bundled product consisting of payroll, check disburse and corporate internet banking.

For just maintaining an account average daily balance (ADB) of at least P500,000, business owners can avail of the three products, which are the basic needs for smooth and efficient cash flow operations.

"All the entrepreneurs have to do is open a peso or checking account and maintain an ADB of at least half a million pesos. We will also ask them to accomplish a data sheet, sign the memorandum of agreement and submit either a board resolution or secretary's certificate," said Edgardo Marcelo Jr., BDO's vice president for cash management services.

The payroll product – regular savings account or cash card – enables the enterprise to prepare its payroll automatically, which BDO can deliver in a safer and more convenient manner.

The check disburse, on the other hand, allows the business to prepare, manage and print large volumes of checks for quick and easy disbursement.

Meanwhile, corporate internet banking provides instant access to the businesses' funds via online banking transactions in the comforts of one's office. These transactions include checking of account balances, uploading of payroll, transfer of funds to a third-party account, payment of bills and settlement of SSS and BIR fees online.

The cash management and electronic banking unit of BDO has been recognized as the Best Cash Management services in the Philippines by Asian financial institutions and publications.