Sweep Arrangement Services electronically and automatically move excess collected funds from your non-interest bearing checking account to an investment account that earns interest. The funds are moved back into the checking account to meet activity demands.
- Manages your company’s cash flow
- Maximizes interest income through electronic float management
- Earns interest on your company’s working funds
- Eliminates the need to keep idle cash in a non-interest bearing account
- Easy and convenient, no need to manually transfer funds
- Maintains financial flexibility
- Clerical savings