In the first half of November 2024, all white label partners of multi-asset investment specialist Saxo Bank will gain access to Omnibus Sub-account transfers in Saxo Tools.
This functionality allows users to transfer cash between top-level accounts seamlessly.
By digitising the process, Saxo aims to reduce execution time and minimise errors associated with manual handling.
The feature supports both same-currency and cross-currency transfers. Cross-currency transfers will include a live currency conversion, displayed as an indicative value in the transfer module.
Transfers will occur directly between accounts without any counter-bookings on funding accounts.
A detailed description of this new functionality will be added to the Client Configuration Manager user guide, available in the HELP section of Saxo Tools. Look for the topic titled “How to Perform WLC Omnibus Sub-account Transfers”.
