Sweep Account Services

Keep Your Money Working for You

Maximize idle funds while earning interest income with Salin Bank’s Sweep Account Services. Once all of your transactions post for the day, 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.
 

How It Works

Salin Bank’s Sweep Account Service automates funding of your business checking accounts by “sweeping” only the amount necessary to cover daily transactions from investment or loan accounts.   

 

Benefits

  • Better manage daily borrowing needs.
  • Reduce interest expenses.
  • Provides centralized control of funds.
  • Reduce borrowing expenses.
  • Move your money where and when it’s needed.
  • Earn income on excess balances.

 
To learn more about how Sweep Account Services can help your business, contact a member of our Treasury Management team today at 800.320.7536, ext. 8035 or treasury.management@salin.com.