Liquidity & Investment Management
If your cash position fluctuates from day to day, you need a banking service that responds automatically to those changing cash-flow needs. Salin Bank’s Loan Sweep services are a cost-effective way to maintain a target balance in your checking account while minimizing borrowing expenses. The Loan Sweep product automatically advances on your line of credit when your checking account drops below a predetermined balance. Alternatively, it will use excess collected deposits in your checking account to pay down your line of credit. To learn more about Loan Sweep, contact our Treasury Management team.
With this innovative business solution, you will be able to maximize idle funds while earning interest income. Once your bills are paid, excess funds from your operating account are automatically invested for you at competitive market rates. Conversely, if the balance in your business checking account falls below the preset sweep point, money is automatically swept back from your account to maintain a minimum target balance. To learn more about Sweep Account Services, contact our Treasury Management team.