Keep your funds working hard even when you're not.
Even the hardest-working farm manager can’t be on the clock 24/7, but your money can be. At First State Bank, we offer two solutions that automatically transfer funds between accounts, helping your farm maximize its cash flow, ensure smooth operations, and take advantage of investment opportunities—whether you’re in the field or not.
Zero/Target Balance Sweep
Many successful farms operate with multiple accounts, and our Zero Balance solution simplifies managing them. It automatically transfers excess funds from secondary accounts into a central account, ensuring your farm has more cash available for day-to-day operations or to take advantage of investment opportunities. This seamless process helps maximize your farm's financial efficiency and keeps your cash flow steady.
Line of Credit Transfer
Many farms rely on credit lines to handle unexpected expenses or seize great opportunities. With our Line of Credit Transfer solution, funds are automatically transferred to your operating account whenever you need them to cover payments. You’ll have the flexibility to decide when to repay the credit line, giving your farm the financial freedom to manage cash flow as needed.
Line of Credit Sweep
A Line of Credit Sweep automatically moves excess funds from a deposit account to pay down any revolving debt. If the balance in the account goes over a set target, the extra funds are automatically transferred to pay down the line of credit. On the flip side, if the balance drops below the target, the system may pull from the line of credit to increase the balance to match the target. This ensures that working capital is managed efficiently, helping farmers maintain financial flexibility and optimize cash flow throughout the growing season.
Investment Sweep
An Investment Sweep helps your funds earn interest at market rates by keeping them in an interest-bearing deposit account. Each day, money is automatically transferred between the investment and checking account to maintain a set target balance. For agricultural businesses, this ensures that idle funds are working to generate interest, while still keeping enough liquidity in the checking account to cover day-to-day expenses like equipment purchases, payroll, or seasonal costs.
Dual Sweep (DDA & Loan Sweep)
Manages cash by automatically moving funds based on your business's cash flow. If your checking account balance goes above a set target, the extra funds can either be used to pay down a revolving line of credit, or if the line is already paid off, invested to earn interest on the excess balance.
Insured Cash Sweep (ICS) and Certificate Deposit Registry Service (CDARS) through Intrafi
When you need safety, yield, flexibility and transparency, you can access millions of dollars of FDIC insurance – all through a single bank relationship with First State Bank. Put cash balances to work in money market deposit accounts or certificates of deposit accounts earning competitive interest rates.
Contact a First State Bank Ag Banker or call (800) 994-2500.