For more information Call our Treasury Management specialists at 877.255.6386.
Excess funds are invested automatically at the close of business each day.
Investment options include:
Money Market Sweep
Repurchase Agreement Sweep
Eurodollar Sweep
Automate investment and/or borrowing functions Our Automated Line of Credit Sweep helps your business automate investment and/or borrowing functions so you can maximize your investment earnings and minimize line of credit interest expense.
Deficit Balance At the end of the day, if your account has a deficit balance, the system will draw funds from your investment balance first (if any), and then if necessary draw funds from the available amount on the established line of credit.
Excess funds At the end of the day, if your account has excess collected funds, the system will pay outstanding loan balances (if any) and then invest any remaining funds.
Subject to credit approval