Automatically transfer your cash into interest earning accounts and access your line of credit as needed.
Establish a target balance in your checking account. Any funds exceeding the target account balance are swept into an interest-earning account, applied towards a loan, or used to pay down a line of credit. If your account falls below the target balance, your cash can be swept back into your account from a line of credit or other deposit account.
Our Cash Sweep Services are ideal for your business if you:
- Donít have time to manage and time transfers
- No longer want to monitor multiple accounts
How can First Advantage Cash Sweep Services benefit your business?
- Increase returns on idle cash balances
- Minimize interest expense on your line of credit
- Access your line of credit as needed
- Automatically pay down your loan
How do I set up First Advantage Cash Sweep Services for my business?
We'll be happy to evaluate the benefits of a Cash Sweep between your First Advantage Bank accounts. Contact us to get started today!