Sweep Accounts Make sure your money is always working for you.

Additional Information

Sweep Types

Investment Sweep Account

• Excess funds are swept into a tiered interest-earning investment at the end of each business day. Funds are swept back the following day.

Line of Credit Sweep

• Excess funds are swept to a Business Line of Credit thus reducing interest expense and improving cash.

One Way Line of Credit Sweep - (Overdraft Protection)

• When items are presented in excess of the balance in a master checking account, funds are automatically pulled from the Line of Credit to cover items and eliminate any overdraft fees.

ZBA Sweep

• Funds are pulled from a master checking account to pay items presented against a Zero Balance Checking Account (ZBA) which eliminates the need for manual account to account transfers. Excess funds are sent back to the master checking account returning the balance of the ZBA to zero.

How They Work

Line of Credit Sweep

• Use our Line of Credit Sweep account to pay down your commercial line of credit with us. To do this, you’ll need our Business Manager Account.
• At the end of each business day, excess collected funds in your Business Manager Account are automatically transferred to your business line of credit.
• You’ll save money by reducing interest expense and enjoy the benefit of efficient cash management.
• If your line of credit has no balance, then the funds are automatically swept to your Repurchase Agreement Sweep account.

A Repurchase Agreement Sweep serves as an interest-earning investment for your business.

• At the end of each business day, excess funds are transferred automatically from your Business Manager Account into the Repurchase Agreement Sweep.
• The funds are automatically transferred back the next day, in order to be available to pay any checks or other transactions that post to the Business Manager Account.