Sweep Accounts

Get the most out of your money when you utilize our sweep account service. First National will sweep excess collected funds to pay down outstanding balances on your commercial line of credit or invest in overnight repurchase agreements* so your funds are never sitting idle.

Summary

• Invested funds gain a return on unused cash
• Automatically sweeps and invests excess funds
• Occurs at the end of each business day
• Gain a return on unused cash
• Helps in managing a steady flow of cash

• Maximizes your earning potential
• Can be linked to multiple zero balance accounts**
• Reduces clerical and accounting tasks, increasing productivity
• Can be linked to Commercial Line of Credit to reduce interest paid

*Repurchase Agreements are not FDIC insured.

**Zero balance accounts sweep to a zero collected balance at the end of each business day.