Overnight Cash Sweep Accounts

To maximize daily earnings, the Overnight Cash Sweep feature takes excess funds not being utilized for presentments and places them into an investment account. In addition to sweeping into an investment account, excess funds may also be applied toward balances owed on any business loan or Commercial Line of Credit, thereby minimizing interest expense.

Benefits to your organization include:

• Ensures that excess liquidity is efficiently utilized on a daily basis
• Assists with cash forecasting
• Allows automatic investment of excess funds with the least amount of effort
• Reduces uncertainty relative to the timing of disbursements

Consider Sweep Accounts if your organization:

• Maintains excess funds in existing depository accounts
• Would like to maximize earnings and/or minimize interest expense