Sweep Arrangements

From income to payments, we provide the accounts you need to manage your cash flow. Convenient sweep arrangements will make sure your money is where you need it and help you earn interest on the excess balances in your account every day.

CONCENTRATION ACCOUNT

  • Receives deposits, funds Operating Account(s), Investment Account and line of credit.

OPERATING ACCOUNT

  • For daily operations including payroll and accounts payable
  • May serve as the Concentration Account

ZBA- ZERO BALANCE ACCOUNT

  • Maintains a $0 balance.
  • Funds transferred from the Operating Account as required.
  • Typically used for payroll and accounts payable.

INVESTMENT ACCOUNT

  • Excess balances not required for daily operations.
  • Earns interest

REPURCHASE AGREEMENT

  • For customers who maintain balances not covered by FDIC Insurance.