Business Sweep Accounts
This smart business program helps you maximize your cash flow if your checking account balance typically exceeds your daily operating expenses in a significant way. When you preset a target balance for your business checking account, at the close of each business day, any funds that exceed or fall short of your target balance are automatically transferred into the sweep account. United Bank & Trust then invests or pays down your line of credit, earning or saving you money. With this solution, funds will be swept back into your checking account as needed to maintain your target balance.
- A conservative cash management solution invests excess checking account dollars in an investment account
- Automatically transfers excess balances above a predetermined amount to pay down the principal on your United Bank & Trust loan or line of credit
- Once your loan is paid off, the system automatically moves excess funds to your investment account, maximizing the use of your money