Cash Management

Commercial Cash Management

Sweep Account – Cash Manager

This account maintains a customer-determined threshold balance and invests the excess collected funds in mutual funds the next day. If the account falls below the threshold, funds are transferred back into the original account to bring it back to the threshold.

  • Funds automatically transferred and invested.
  • Combined statement for easy record keeping.
  • Money earns current market returns.
  • Investments are not FDIC insured, are not deposits of the bank, are not guaranteed by the bank and are subject to risk, including loss of principal.

Zero Balance Account

Corporate Zero Balance Accounts (ZBA's) enable your business to give deposit and disbursement autonomy to local offices/branches without giving up control of company cash.

  • Reduces idle balances in multiple accounts, making more dollars available in a central account for other purposes or investment.
  • Eliminates manual transfers between bank accounts.
  • Reduces the possibility and costs of overdrafts in outlying accounts.
  • Reduces reconciliation time.
  • Increases control over local deposit and disbursement activity.

Repurchase Agreement

An investment account available to sole proprietorships, partnerships, corporations and non-profits. Balances are transferred or "swept" overnight to an investment account and returned to the primary account each day. A daily statement details amount invested and type of security purchased. Minimum balance determined by balances maintained in primary business account.

  • Interest accrues daily and is paid monthly.
  • Investment in increments of $5,000, not to exceed $5 million.
  • Investments are not FDIC insured, are not deposits of the bank, are not guaranteed by the bank and are subject to risk, including loss of principal.