Sweeps (Automatic Transfer Service)

Maximize your earning potential and maintain liquidity by utilizing AbbyBank’s Sweep¹.

Commercial Line of Credit Sweep

Automatically sweeps excess cash from your checking account to pay down the line of credit2 daily. When funds are needed in your checking account, it will sweep back from your line of credit.
 
  • Determine a checking target balance and sweep increments when the sweep is set up
  • Reduce interest expenses on your line of credit 

Savings/Money Market Sweep

Sweep excess funds from your checking account to your savings or money market account to earn interest and then back to the checking when it falls below the target balance3.
 
  • Extra funds earn interest
  • Determine a checking target balance and sweep increments when the sweep is set up

Zero Balance Account (ZBA)

This account is established with a zero balance and funds sweep from the primary operating account as items clear the Zero Balance Account¹. A ZBA allows you track activities such as payroll, petty cash, or authorized disbursements to help protect against fraud.
 
  • Consolidate cash in a primary account
  • Saves time monitoring balances and shifting funds around
 
Contact a Business Banker to get started today!
 

Other Cash Management Services Offered

 
1Fees may apply
2All loans are subject to credit approval
3Certain account types have transaction limitations; please speak to a Business Banker to determine whether transaction limitations apply.
4Subject to approval