As each business is different, each business might use nudges and alerts differently.
However, as an illustration let's use the example of a small business that wants to create a regular VAT reserve, but having done so wants to make sure that the business current account always has a positive balance of greater than £20,000 in order to make payroll at the end of the month.
In this example the customer would:
- Set up a VAT reserve nudge.
- Set up a low balance alert of £20,000. They might also consider additional low balance alerts at £25,000 and £30,000, just to ensure that they are always notified of any future cashflow issues that might occur.