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Business Sweep Products
Three ways to automate your company’s cash flowA sweep account can give you freedom from the hassles of daily transfers between accounts, keeping your money working for you all the time.
Business Sweep Account
A Business Sweep Account ensures excess checking account balances work for you, earning interest, instead of sitting idle in your checking account.
- Establish a target balance for your main checking account and on a daily basis, balances above that target are automatically swept into your Business Sweep Account to earn interest
- If your main checking account balance falls below the target, funds are automatically moved from your Business Sweep Account to your checking account
- Interest is credited each month
Line of Credit Sweep
A Line of Credit Sweep can reduce interest expenses for you business.
- Funds above the target balance in your main checking account are swept into your line of credit daily to pay down your outstanding balance
- If your checking account balance falls below the target, funds are automatically drawn from your line of credit to your checking account
- Subject to credit approval
Zero Balance Account Sweep
A Zero Balance Sweep Account (ZBA) will help manage liquidity and overall operating cash for your business.
- Allow your business to keep separate disbursement and deposit accounts that are linked to one main operating account
- Funds do not stand idle in multiple accounts, eliminating the need to manually initiate internal account transfers
Get Started Today
View our Business Account Opening Checklist to find out what you'll need to provide prior to opening your business account.