We have attempted to answer a number of questions that have been asked before. If we don't see an answer to something you need to know, please click the chat function on this page.

How many banks can I transact with?

You can request a quote from up to 20 banks per transaction, and are able to transact with virtually any bank, locally and offshore.

We already have a bank panel in place. Will using Likwidity software affect these relationships?

Using Likwidity software does not change or impact any existing banking relationships. Instead, it helps you to systemise your current dealings / processes in the deposit space.

Our platform allows you to continue to transact with your banks, whilst also providing you access to new, potential banking partners.

The key to Likwidity’s platform is improved transparency through business process automation, full audit trails, improved compliance practices and reporting. Our systems help you automate what is typically one or more manual processes.

Our ultimate aim is to foster pricing tension within the deposit market, which in the medium to long term can only mean better rates for our clients, both in the Private and Public sector.

What about Commissions?

We have no intermediary or fee arrangement in place with any banks and we do not earn any commissions or rebates.

We charge a monthly fee for our platform so we can work on a zero-commission model, have no-conflict of interest and be able to provide the best rates available in the market.

How does Likwidity help with the impact of COVID-19?

Many organisations now have a remote-working policy and this has dramatically impacted oversight of business processes. The best way of ensuring consistency, security and adherence to policies is by having a systemised process and system to deliver results with full visibility, audit trails and compliance.

Does it mean we have to setup new bank accounts?

Your existing banks will be setup on your Likwidity dashboard, and you retain full control over which other banks you choose to invite or not. The bank relationships are entirely in your control.

Some banks will quote on new client opportunities, but these can only be acted upon once bank relationships are put in place on the system.

We already use a deposit platform. How is Likwidity better?

Great, you already see the benefit in using a deposit a platform.

Likwidity is different from other platforms on the market because we are the only independent solution. We have no conflicts of interest because, unlike our competitors, we do not get paid any commissions or have any affiliations with banks.

We endeavour to get you the best market rates available, every time. Even after accounting for our nominal monthly fee, you will see a benefit of up to 50%.

We prioritise our customers results and because we are not affiliated with any banks, you are not limited to just dealing with the banks on “our panel”. Being a technology platform, we enable you to transact with any bank of your choosing and whom you have a relationship with.

We also do not provide advisory services, and therefore are not involved in moving funds, eliminating settlement risks or potentials for delay.

I don’t like change. Is it worth it?

If you have average balances of $1m and above, then yes, it is definitely worthwhile. The higher your balances, the more you stand to gain.

Our data shows spreads between the Big-4 of 43 basis points. The spreads are even higher when you take international, mid-tier and smaller Banks into the mix. See our benefit calculator here >>.

Why should we pay for the service when others don't charge?

Commission-based platforms typically charge anywhere between 5-20 basis points per transaction in commissions.

Additionally, different banks pay different commissions, making it hard to decipher what the true rate could have been. This is never disclosed to you - the end Client.

Also, commission based platforms will only ever allow you to deal with banks that are on their “panel”. As Likwidity is a technology provider, not a Broker, this allows you to deal with any bank you want.