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A sweep account can give you freedom from the hassles of daily transfers between accounts, keeping your money working for you all the time.
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
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
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

Frequently Asked Questions

The new checking account minimum balance requirements and free transaction counts can be found on our Business Services and Fees document. These requirements are effective as of May 1, 2021.

If you have questions about your account or would like to discuss other account options and features, please contact North Shore Bank Business Banking Customer Support at 800-270-7956 during normal business hours.

 

We offer business loans. Please call one of our Business Loan Officers at an office near you.

Find a North Shore Bank office, ATM or loan center near you.

With your business in mind, North Shore Bank has updated our business checking accounts. All accounts provide you with the benefits and features you deserve, including a low minimum monthly balance requirement that helps you avoid monthly service charges.

If you have questions about your account or would like to discuss other account options and features, please contact a North Shore Bank Cash Management Representative at 800.270.7956 during normal business hours.

View our Business Account Opening Checklist to find out what you'll need to provide prior to opening a Business Banking account.

North Shore Bank offers a Business Debit Card Reward program and when a Business signs up for the Easy Savings program, you will receive an automatic rebate posted to your card’s account when you use your North Shore Bank Debit Mastercard at any of the participating merchants.

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