Business Sweep Products

Three ways to automate your company’s cash flow

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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.

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

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

FAQs

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.

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.

The Corporate Transparency Act requires many companies doing business in the United States to report information about the individuals who ultimately own or control them. The law was passed to curb illicit finance and protect U.S. national security. Learn more.