Sweep Accounts (managing funds solutions)
Put your money to work for you by “sweeping” excess funds from your CBI Bank & Trust business checking account to an interest earning account or your revolving line of credit (LOC)**. At the end of every business day, funds are automatically transferred (or swept) to a specified balance amount from your commercial checking account into an account helping you more efficiently manage your operating cash.
- Investment Sweep- Automatically transfer excess funds (target balance) from your business checking account into an interest earning account at the end of each day.
- Line of Credit (LOC) Sweep** -This sweep will automatically move/advance to cover your cash flow need or pay down your line of credit to reduce interest expense on a daily basis.
- Zero Balance Accounts (ZBA) Sweep consolidate your funds automatically from multiple checking accounts. This allows businesses to maintain separate accounts for various divisions, locations, or functions such as payroll, while automatically.
**Restrictions apply-subject to approval
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