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Automated Sweep Account Services

Your sweep account automatically manages funds while meeting critical cash flow needs.

  • Perfect for companies with excess cash balances not needed for daily operations.
  • Offers detailed transaction reporting.
  • Maximizes the earning potential of surplus funds while maintaining the liquidity of your working capital.

Service Overview
Efficiency
  • Automatically maximizes the earning potential of surplus funds while providing liquidity for your working capital requirements.
Detailed transaction oversight and options
  • View daily funds movements and investment maturities in your checking account.
  • Utilize overnight Repurchase Agreements, Euro Dollar sweeps and Money Market sweeps.
  • Choose from a wide range of automated investment alternatives with daily and monthly reporting.
  • Select from three options: sweep to investment, sweep to line of credit, and sweep to line to investment.
SweepNet® reporting
  • Provides ready access to transaction detail and cash positions of subsidiaries' zero balance accounts.
  • Simplifies calculation of internal cost of funds and sweep to line to investment.
24/7 monitoring
  • Pays down linked lines of credit with excess balances.
  • Allows for desired operating balance targets and sweeps from line of credit, if available, when balances fall below a pre-set level.
  • Automates maintenance of targeted balances.

View additional information about Automated Sweep Services (PDF)

Want to Learn More?

Our Cash Management representatives are ready to work for you–with local, personal attention backed by all the resources, products and global capabilities you need to succeed. To find out what it's like to have a good bank on your side, schedule a meeting today:

By Phone: 1-877-550-5933
By Email: clientservices@rbscitizens.com



 

 

Contact a Product
Specialist today:

1-877-550-5933

(Mon-Fri 7am-8pm, EST)

clientservices@rbscitizens.com