You’ll need to sleep once in a while, but your money shouldn’t.
Benefits
- Keep your money working 24/7 with automatic movement of funds
- Available to our customers with a business checking account
- Maintain target balances
- Maximize investment income
- Reduce borrowing expenses
- Reduce overdrafts and service charges
- Monitor account activity more efficiently
Deposit Account Sweep
Earn competitive interest while maintaining a target balance in your business checking account.
- All funds are deposited into a business checking account, and excess funds are invested automatically in a business money market or savings account.
- Balances in the business money market or savings account earn interest at a competitive rate based on current market conditions.
- Funds are swept automatically to reduce overdrafts and service charges.
Line of Credit Sweep
Use excess funds in your business checking to make payments on your line of credit. Line of credit funds will transfer into your business checking to help you maintain your target balance.
- A target balance is set for your checking account.
- The sweep replenishes your business checking account or pays down your line of credit based on this target balance.
- Transactions can be monitored through Business Online Banking, statements, or imaging.
