Put idle funds to work with our Sweep Accounts that provide automatic transfers to cover business expenses and generate extra income.
Zero Balance Account (ZBA) Details
- Perfect for companies with multiple divisions, stores, or operating units
- More than one ZBA can be linked to the primary account
- Multiple account balances are concentrated into one, centralized account
- Funds are disbursed to individual ZBA accounts only when necessary to cover checks or debits
- Concentrate funds, eliminating idle balances and simplifying account management
- Maintain required balances for disbursements while maximizing excess balances
- Transactions flow through separate accounts for audit purposes while balances are consolidated for funding
- Eliminate the need for manual transfers between bank accounts
- Separate statements for each account
Investment Sweep Details
- Keeps your money always working in your favor
- No extra work involved on your end
- Maintain target balances while maximizing interest earnings
- Backed by U.S. agency securities, making it a safe investment
- Predetermined amount remains in your account each day
- Excess funds are swept over into an interest-bearing account
- Principal is automatically transferred back into your checking account the next day
- Should your balance fall short of expenses, your funds are automatically swept back over to cover the difference
INVESTMENT SWEEP ACCOUNT(S) ARE NOT FDIC or DIF INSURED; NOT GUARANTEED BY THE BANK; MAY LOSE VALUE.