Keep your funds working hard even when you're not.
Even the most industrious business leader can't work around the clock. But your money can. With First State Bank, you have two solutions that automatically shift funds between accounts to create financial advantages. These transfers - which can occur on a daily basis or overnight - are used to maximize operating balances, facilitate cash flow, and provide more funds for investment opportunities.
Zero/Target Balance Sweep
Many thriving businesses have more than one operating account. Our Zero Balance solution automatically moves excess funds from secondary accounts to a central account to provide your business with more cash for everyday operations or investment options.
Line of Credit Transfer
Many businesses obtain credit lines for unexpected expenses or too-good-to-pass-up opportunities. With our Line of Credit Transfer solution, funds are automatically moved to your operating account any time they are needed to cover checking payments. Your business can then decide when to repay funds to the credit line.
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 businesses 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 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 Business Banker or call (800) 994-2500.
Plan your financial future with confidence.
Our experienced financial advisors are dedicated towards growing and preserving your wealth.