Invoice Discounting

Invoice Discounting is a confidential way to improve your cash flow and generate working capital from your sales invoices, while allowing you to retain contact with your customers.

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At Danske Bank we understand the importance of discretion. Confidential Invoice Discounting is a way of generating working capital which grows in line with your turnover, whilst allowing you to maintain contact with your customers.

How does Invoice Discounting work?

  • You generate invoices to your customers
  • You can use Danske Bank's online teleledger to notify the invoices to us
  • On receipt of your invoice, up to 85% of that invoice value can be made available to you
  • Once the invoice has been paid and the payment lodged with Danske Bank, the remaining balance (less any charges) will be released

What are the benefits of Invoice Discounting?

    • Improved cash flow as your business expands
    • Improved ability to secure settlement discounts from suppliers
    • Your business spends less time monitoring its cash position
    • More ability to increase profits as sales are not lost through lack of working capital
    • Helps fledgling businesses with insufficient trading history to apply for conventional bank facilities

Key features:

  • Invoice Discounting is entirely confidential - you retain all customer contact
  • Your business manages the debt collection and credit control
  • Invoice Discounting works alongside existing bank facilities

Important information

To use the Invoice Discounting service, you will need to open a Danske Bank business current account and sign an agreement with us. You will be required to assign your invoices to Danske Bank. You may be asked to provide a guarantee or warranty.

Please refer to our Disclaimer section to read important information about us and our website.