Sweep Services
Make sure every dollar is working hard... without you having to do any extra work.
Running your company is a full-time job. You don't have the time to monitor every dollar to make sure you're making the most of your money. Our sweep services do it for you, automatically "sweeping" excess funds from your checking into a high interest savings account. That way, you can focus on your business.
- Summary
- Maximize returns on idle balances
- Increased flexibility and liquidity
- Interest bearing account linked to checking
- Free daily automatic transfers
- Target balance always maintained
- Detailed statement of all transactions
- Services Offered
State Bank provides a variety of different types of sweep options including:
Loan Sweeps
Attach your account to your State Bank line of credit, so you can automatically use excess funds to pay down your loan balance.
Zero Balance Accounts
Keep your checking balance at zero so every dollar is always earning interest. When you write a check, we'll automatically transfer funds from your interest bearing account to cover it.
Investment Sweep Accounts
Keep your money in a high yield savings account until you need them. We'll automatically transfer funds back to maintain your designated target balance.
Controlled Disbursement
Get updates each morning about the amount of items waiting to clear your account that day, so you can transfer just the right amount of funds to cover them.
Contact one of our business bankers to help you decide which service is right for your company.
