Sweep Services

Zero Balance Sweep

A Zero Balance Account provides efficient, centralized use of available funds for investment or debt reduction purposes by maintaining account(s) at either a zero balance or other predetermined minimum balance.

• Eliminate Idle Funds – All Available Funds Will be Concentrated in One Centralized Account
• Better Manage Your Cash Position

Money Market Sweep

Business customers can deposit all funds to their commercial checking account and automatically have excess funds – over a predetermined target balance – swept to a Money Market Account. 

• Operating Dollars are Managed Efficiently
• Earns an Excellent Return on Excess Funds
• Funds Automatically Sweep to Help Prevent Overdrafts and Service Charges
• An Automated Sweep Eliminates the Need to Monitor Balances
• Up to 6 Debit Sweeps Allowed per Month from the Money Market Account to the Checking Account
• Unlimited Debit Sweeps Allowed from the Checking Account to the Money Market Account

Line of Credit Sweep

• A Target Balance is Set in Your Checking Account.
• Funds in Excess of the Target Balance Automatically Sweep to Your Line of Credit
• Funds Sweep Automatically from Your Line of Credit to Your Checking Account When Needed

Dual Sweep

A Dual Sweep combines the services offered in the Money Market Sweep and the Credit Line Sweep - maximize interest income and reduce interest expense.

• Excess Funds in Their Master Account will Automatically Sweep to the Line of Credit.  Once the Line of Credit is Paid to $0, Excess Funds Will Automatically Sweep to the Money Market Account
• The Money Market Account Will Act as the First Funding Source for the Commercial Checking Account
• The Line of Credit Will Only Fund the Master Account if the Money Market Account has an Available Balance of $0