Sweep Processing
Sweep Services
Save time and money with our sweep services. Proactively manage your cash with our automated sweep services, ensuring your funds are there when you need them.
Zero Balance Accounts (ZBA)
ZBA’s eliminate the need for cash balances in multiple accounts. This service links the ZBA to one designated master account that automatically transfers funds as needed to maintain a zero balance. The service allows you to segregate funds for reconciliation purposes, simplify cash management, and reduce overdraft fees. ZBA’s are commonly used for payroll, petty cash, and multiple locations.
Commercial Line of Credit Sweep
A Commercial Line of Credit (LOC) sweep connects your Business Checking account and your Commercial Line of Credit. This allows funds to automatically transfer to and from your Commercial Line of Credit to satisfy the designated target balance in Business Checking account. Transactions against your Business Checking account will process throughout the day and funds are automatically transferred overnight to meet the established target balance. A LOC sweep can help reduce interest costs, pay down debt faster, and optimize cash flow.
Payment Services
