Our sweep services link to your business checking account, so you can capitalize on every last cent. Simply set a daily minimum balance for your checking account to provide enough operating cash. Then at the close of business, excess funds are swept into an account with overnight profit potential.
Use a sweep account to pay down an open line of credit. Just like an investment sweep account, funds sweep to minimize your interest payments.
However, if funds are needed to cover a withdrawal, they will automatically sweep from the line to cover the obligation.