Making productive use of surplus funds is an important way to ensure that your cash reserves are continuously growing. Middle-market companies are using Sweep Services to do just that. Instead of letting excess funds sit in a low- or no-interest operating account, this solution automatically “sweeps” these funds into an investment account.
At the end of each day, you can automatically move any funds above a predetermined amount into a designated money market account or other short-term investment vehicle. These funds can also be swept back if your operating account dips too low. If your company has a line of credit, Sweep Services is also a convenient way to make loan payments.
Based on the needs of your operating account, our Sweep Services will automatically sweep daily net excess balances into an investment vehicle or liquidate investments to cover account requirements. This enables you to:
Sun National Bank’s Investment Sweep Services offers a highly flexible way to optimize the use of surplus funds and reduce the time, expense, and effort associated with making daily investment decisions.
Sun National Bank Delivers
Investment Sweep Services is an efficient and responsive way to support your company’s cash position. Learn more about Sun National Bank’s powerful cash management solutions, including Controlled Disbursement Services, for commercial businesses.