Sweep Checking
Cash management made simple!
The Business Sweep Account at First National Bank was developed to eliminate the need for your business staff to transfer cash between your checking and money market deposit account (MMDA). The "sweep" feature of the account will automatically transfer money into and out of your checking and MMDA for you. You will be allowed unlimited transfers to your Money Market Account. However, banking regulations limit the number of automatic transfers from your Money Market Account. Let us automatically invest your excess cash so you have time to take care of your business.
Features of our sweep checking account include:
- Designed for business account holders
- Eliminates need to transfer money between accounts
- Automatically transfers money into and out of accounts
- Transfer amount based on predetermined amount
- Unlimited transfers to your Money Market Account
- Limited to six automatic transfers from your Money Market Account per month per banking regulations
- You determine the minimum balance and sweep increments
- Maintenance fees can be offset with earnings credits
If you need help with your cash management, come visit us at any of our branch locations to open your Business Sweep Account today.