Information & Control
Keep Excess Cash Working 24/7
Sweep accounts from Associated Bank ensure your money never sleeps. Choose from a variety of sweep accounts to use excess cash for investment, debt repayment or funds management.
Commercial Paper Sweep
At the end of each business day, funds in your checking account* that exceed a predetermined target balance and is less than your maximum investment amount will automatically transfer into an investment account overnight to buy Associated Banc-Corp commercial paper. The next morning, all principal will sweep back to the checking account to be immediately available to fund transactional activity.
Earned interest remains** in the commercial paper investment account and posts to the checking account monthly. You will receive a monthly statement of your commercial paper account, summarizing that month’s investment activity.
Repurchase Agreement Sweep Account
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 account. The next business day, the invested principal is returned back to your checking account to be available for your daily cash flow needs. Interest remains in your investment account to accrue daily and be paid monthly.
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.
This sweep option provides the benefits of both an investment sweep and a loan sweep in one service. Excess cash in the deposit accounts can be swept to pay down your loan. Alternatively, you can draw from the loan to fund activity in the checking account if needed.
To learn more, contact Treasury Management Customer Care 24 hours a day, seven days a week at