Two-Way Sweep – Funds in the Line are swept to maintain a threshold balance in the checking account.A small fee is assessed for each occurrence. One-Way Sweep – Funds in the Line are swept to cover shortages or negative balances in the checking account.This feature gives you the ability to sweep funds automatically between your checking account and commercial Line of Credit, allowing you to cover your account activity (such as overdrafts) or pay down your principal balance. Multiple options are available: Simply pre-determine your limits, and funds over that amount are swept nightly into an interest bearing account where excess funds will earn interest before being swept back into your linked business checking account the next business day. This option provides added potential to earn interest with a minimal amount of hands-on intervention on your part. We have a variety of sweep accounts to choose from-each designed for your unique needs. Our sweep accounts allow business customers to maximize the effectiveness of their excess deposit balances. You want the most bang for your business buck, ensuring that your cash is always working for you as hard as your business works for your cash.
SWEEP SERVICES Put your excess funds on auto-pilot with a sweep account
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