Target Balance Account
Consolidate your funds into one Master Account while maintaining multiple disbursement/receivable accounts.
- Establish a general operating account (Master Account).
- Set a target balance (or zero balance) for your disbursement/receivable accounts.
- Funds are automatically moved to/from the Master Account to maintain your established target balances at the end of each day.
Line of Credit Sweep
Use excess funds in your business checking to make payments on your line of credit. Line of credit funds will transfer into your business checking to help you maintain your target balance.
- A target balance is set for your checking account.
- The sweep replenishes your business checking account or pays down your line of credit based on this target balance.
- Transactions can be monitored through Business Online Banking, statements, or imaging.
