Manage and connect multiple accounts with our Business Sweep Services. Sweep accounts can transfer extra cash into a dividend account or a commercial loan automatically, with same-day access.
A Draft Sweep moves funds from one share account to another, which allows one account to serve operational needs while the other works as a steady source of funds. You can choose from two different types of Draft Sweeps:
Let’s say your business has more than one location and each one has daily deposits. A Draft Sweep could automatically transfer all deposited funds to your preferred account. So if you need multiple business accounts but don’t want to store excess funds in them, a Draft Sweep might be best for you.
A Loan Sweep transfers funds between a share account and a business commercial loan.
This would work well for businesses that keep only small amounts of cash on hand and want the convenience of automatic transfers to a commercial loan account.