Sweeps

These everyday moves can add up over the long run

Commercial Line of Credit Sweep

• Your business determines a target balance for your checking account.
• Excess funds are automatically swept each day from your main checking account to your line of credit.²
• The extra payments help reduce interest charges on your debt.
• Money is automatically moved from the credit line back into the checking account when that balance level is reached.

Savings/Money Market Sweep

• Your business determines a target balance for your checking account.
• Excess funds are automatically swept each day from your main checking account to your Business Savings or Money Market account.
• Those extra funds earn interest.
• Money is automatically moved from the savings or money market account back into the checking account when that balance level is reached.³
  

Zero Balance Account (ZBA)

• Set up subaccounts for a variety of needs - such as payroll, petty cash, tax payments or authorized disbursements.
• Those accounts maintain a $0 balance until payments are scheduled to be made from them.
• Funds automatically move into those accounts from your primary operating account to cover the scheduled payments and expenses.¹
• Excess funds are then swept back into the main operating account, facilitating overall cash flow and eliminating idle funds in secondary accounts.

Overdraft Protection

• Your business chooses another account to link to your main checking account - such as a line of credit², savings³, or another checking account.
• If your checking account becomes overdrawn, funds are automatically swept from the linked account to your checking account.
• Transfers in $100 increments (based on available limit).
• This prevents overdrafts, bounced checks, and declined payments, keeping your business operations running smoothly.