Premier Sweep Accounts
Premier Sweep programs your daily cash management decisions by automatically sweeping excess funds where they will do the most good. Optimize interest, keep borrowing costs low, and monitor your overall cash position with Premier Sweep.
Avoid maintaining idle account balances, incurring costly overdraft fees, and funding numerous accounts with our fully automated sweep features. Transfer funds from your primary account to a payroll account, a money market savings account, or automatically advance and pay down your line of credit. Select a target balance in your main account that could reduce or eliminate service charges, and then choose the sweep transfer that suits your business needs:
Sweep to Payroll (zero-balance) Account
Use this feature to concentrate funds in your primary account and automatically transfer funds to cover items in your payroll account or any other secondary account.
Sweep to Money Market Savings
Sweep excess funds from your primary account into a money market or regular savings account to maximize your interest earnings.
Sweep to and from Line of Credit
Advance funds from your line of credit to maintain the target balance in your primary account or sweep excess funds from your primary account to pay down outstanding balances and reduce interest expense.
Contact a Premier Banker at a location nearest you for more information.