Sweep Services

Loan sweep

If your company has an open line of credit, a loan sweep can reduce the burden of determining your daily cash position. Once all debits and credits have cleared for the day, any cash exceeding a pre-determined amount will transfer from your checking account to your line of credit. From there, if your checking account requires funding, it will be rebalanced with money from your line of credit the next day.

CALL (888) 757-1140 TO GET STARTED

BENEFITS:

Reduces interest build-up on your line of credit by utilizing excess operating account balances
Automates daily cash position determination and transfer decisions
Transfers funds from line of credit to deposit account the next day to maintain target balance, if necessary

Features same-day settlement of funds Offers international and domestic payments Provides real-time updates Includes dual control for enhanced security

Zero balance account

Consolidate balances from multiple accounts into a single master account. Collected funds are transferred daily to or from your master account, bringing secondary accounts to zero or a pre-determined target balance.

CALL (888) 757-1140 TO GET STARTED

BENEFITS:

Monitors daily cash position
Aggregates collected funds conveniently to execute investments and loan payments
Boosts efficiency and cuts expenses by automating transfers