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Sweep Account

There are different ways to set up and use a sweep account. One way is to use it as overdraft protection on your business account by setting it up to sweep from a deposit account or revolving line of credit, when needed. Another way is to manage funds you may have in excess of your target daily operating balance. Sweep, or move, those funds to an interest-bearing account or to pay down a line of credit.

 

Sweep accounts are subject to fees.