ACCOUNT SWEEPS

Business Services

Account Sweeps

Sweep Down

When the FROM account balance goes up to a level referred to as limit, the excess funds are swept down to a level referred to as base. Limit: the balance the account goes up to before being swept down.

SWEEP UP

When the TO account goes down to a level referred to as limit, the balance is swept up to a level referred to as base. Limit: the balance the account goes down to before being swept up.

MONTHLY

On a specified day of the month, base amount will be transferred from the FROM account to the TO account.

WEEKLY

On a specified weekday, a base amount will be transferred from the FROM account to the TO account.

SAME DAY UP/DOWN

Used to keep the TO account at a predetermined balance. The desired balance is entered in both the base and the limit. Limit: The balance the account is to be swept up or down to daily.

Sweep Down Fixed Amount

When the FROM account balance goes up to a level referred to as the limit, excess funds are swept down to account in fixed increments referred to as base. Limit: The balance the account goes up to before being swept down.

Sweep Up Fixed Amount

When the TO account balance goes down to a level referred to as limit, excess funds are swept up from the FROM account in fixed increments entered in base. Limit: The balance the account goes down to before being swept up.

NOTE: To Account is the account getting the money. From Account is the account giving the money.