A sweep account is a daily, automatic sweep to keep your checking account balance at a present. The sweep moves excess funds to pay down your Line of Credit or replenishes the balance in the checking account.. Sweep Accounts allow businesses to make the most of their idle cash, whether to reduce borrowing expenses or increase earnings potential. Automatic movement of funds where you need it, when you need it.
Just ask your loan officer or our customer service representatives to see if you qualify to set this service in motion for you and your business.