Excess cash is put to work for you overnight by paying down your line of credit, or it is invested to pay a high rate of return.
Automated Loan Sweep
Automatically pay down or draw from your line of credit. more
- Minimize interest expense while maximizing Balance Earning Credit or interest income.
- No daily draw decision; reduce the time it takes to review and manage daily cash.
- Funds are swept after balancing, avoiding overdrafts and uncollected funds usage.
- Manageability of daily cash flow increases.
- Liquidity is maximized.
- Increases staff efficiency by reducing the need to monitor, process and forecast cash position.
Automated Investment Sweep
Automatically invest excess cash balances overnight to earn a higher rate of return. more
- With our Automated Investment Sweep service, you can transform idle balances into hardworking investments and make the most of your organization’s funds.
- Because all the transactions are done automatically, you will not have to commit your time and expertise to calculating your investment amount or performing nightly transactions.
- Your unused balances can earn money market rates every night, without having to keep those funds in an inaccessible money market account all the time.
- Investments are liquid. Excess cash is swept out to be invested when available and back in the next business day to cover payment obligations.