SWEEP SERVICES
Put each day’s excess cash to work by eliminating daily monitoring, forecasting and making manual transfers—saving you time and money.
Associated Bank’s Sweep Services automatically transfers excess cash from your checking account to an overnight investment or line of credit to pay down debt.
Associated Bank Sweep
The Associated Bank Sweep earns interest at market rates in an interest bearing deposit account, with funds sweeping daily.
Repurchase Agreement Sweep
At the end of each business day, after all transactions have posted to your checking account, funds that exceed a predetermined target balance will automatically transfer into an overnight interest-bearing Repurchase Agreement Sweep. The next business day, the invested principal is returned back to your checking account and will be available for your daily cash flow needs. Interest remains in your investment account to accrue daily and be paid monthly.
Loan Sweep
Excess cash in commercial checking accounts at the end of day can be used to pay down an outstanding loan. Alternatively, you can draw from a loan to fund transactional activity in the checking account.
A Loan Sweep can also be used in conjunction with either a Commercial Paper Sweep or a Repurchase Sweep.
Funds Management Sweep
Depending on your cash position, you can either draw on or pay down your credit line, or invest the excess balances.
Call 800-270-2707
Business Customer Care
*Earned interest in the investment account is not compounded – does not earn interest. At the end of the statement cycle/month, earned interest is swept to the checking account.
Investment, Securities and Insurance Products:
NOT
FDIC INSUREDNOT BANK
GUARANTEEDMAY
LOSE VALUENOT INSURED BY ANY
FEDERAL AGENCYNOT A
DEPOSIT
