Business Sweep Accounts
Sweep Account Options
Save time and money by maximize your business’s cash flow with leveraging a Sweep Account solution such as a daily sweep, loan sweep, target balance sweep, zero balance sweep or an extended FDIC sweep. Sweep Accounts help your business optimize idle balances by automatically transferring excess funds to interest-earning accounts or to cover overdrawn balances—so your money is always working for you.
Investment Sweep
Automatically transfer excess funds from your operating account into an interest-bearing account, such as a money market or insured deposit account. Ideal for businesses that want to make the most of idle balances without manual transfers.
Loan Sweep
Connect your operating account to a line of credit. Excess balances are used to pay down outstanding loan balances, while shortages automatically draw funds from your line of credit—helping you minimize interest expenses.
Zero Balance Account (ZBA) Sweep
Link multiple business accounts (such as payroll, accounts payable, or collections) to a central master account. At the end of each day, sub-accounts are automatically balanced to zero by sweeping funds to or from the master account.
Target Balance Sweep
Maintain a specific target balance in your primary account. Excess funds are swept into an investment or secondary account, while shortfalls are covered from that same source.
Sweep Account Benefits
- Earn daily interest on excess funds
- Increase return on idle cash
- Daily automatic movement of funds
- Fully customizable to your cash flow needs
- Helps avoid overdrafts and maximize returns
- Flexible setup based on your financial goals
- Centralized cash control
- Streamlined reconciliation
- Simplify debt management
Let us help you tailor a sweep solution that fits your business. Contact Tara Schneidewind
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