Put Idle Cash to Work While You Sleep
Sweep account transfers move money between your accounts automatically every night, so your balances stay where you need them without you lifting a finger.
Three Ways to Keep Balances on Target
Every business handles cash differently. Pick the sweep that matches how your money moves, or ask our team to help you decide.
Savings Sweep
Keep a checking or savings account within a set minimum and maximum balance.
See how it worksCredit Line Sweep
Automatically fund checking from your line of credit and pay that line back down.
See how it worksZero Balance Account
Concentrate all funds in one operating account while subsidiary accounts stay at zero.
See how it worksHold a Balance Range Without Watching It
ACU Savings Sweeps let you set up automatic account sweeps so your business checking or savings account maintains a minimum and/or maximum balance.
- Automatically keep a range of balances in the accounts of your choice
- Easy to initiate
- Low cost
- Keeps your money in the highest-yielding accounts
- Can be used as a tool to prevent overdrafts
- Works automatically every night, so you do not have to
Borrow Only What You Need, When You Need It
ACU Credit Line Sweep automatically funds your business checking account from your line of credit, and makes payments to that same line of credit with available funds. Shortfalls in your checking are automatically covered with funds drawn from the company's line of credit.
- Fully automated
- Minimizes borrowing and interest expenses
- Transfers available funds to your business checking for overdraft protection
- Avoids over-funding accounts
One Operating Account, Everything Else at Zero
ACU Zero Balance Account service is designed for companies that maintain a general operating account plus separate accounts for payroll, petty cash, or other purposes. All business funds are concentrated into one operating account. Disbursements are made from subsidiary accounts, which always maintain a zero balance. This increases investment opportunities and reduces administrative expenses.
- All funds are deposited into a central operating account
- Subsidiary accounts for payroll, petty cash, or similar needs always maintain a zero balance
- Each day the total for all checks presented against each Zero Balance Account is offset by a debit to the central operating account
- Transfers are cross-referenced by account number on the bank statement
- Deposits accidentally made to a Zero Balance Account are automatically transferred to the main account
Why Businesses Choose It
- Eliminates time spent manually funding subsidiary accounts
- Eliminates tracking balance levels and funding requirements
- Saves time and expense
- Maximizes funds available for investment and minimizes overdraft risk
- Permits easy tracking and reconciliation via cross-referenced account numbers
- Excess funds in the central account can be invested to increase returns while maintaining liquidity
Not Sure Which Sweep Fits? We Will Help You Decide.
Tell our business services team how cash moves through your business and they will match the right sweep to it. Setup and ongoing support come from a local team, not an 800-number queue.
Money That Manages Itself
Sweeps turn nightly cash chores into an automatic routine, backed by a local team that sets it all up with you.
Runs Every Night
Sweeps work automatically every night, so your balances land on target without you doing a thing.
Overdraft Prevention
Sweeps keep checking funded and can cover shortfalls from your line of credit, so overdrafts stop being a worry.
Highest-Yielding Accounts
A Savings Sweep keeps your money in the highest-yielding accounts instead of sitting idle in checking.
Minimizes Interest Expense
A Credit Line Sweep pays your line down with available funds, minimizing borrowing and interest expenses.
Easy Reconciliation
Zero Balance Account transfers are cross-referenced by account number on your statement for easy tracking.
Local Setup and Support
Our business services team configures your sweep and stays one phone call away as your business grows.
Three Steps to Automatic Balances
You bring the targets, we build the sweep. From there it runs on its own.
Tell Us Your Targets
Call the business services team and describe the minimum and maximum balances each account should hold.
We Configure the Sweep
We set up your Savings, Credit Line, or Zero Balance sweep and cross-reference your accounts.
It Runs Automatically
Every night the sweep moves money to keep balances on target. You review, we maintain.
“ACU's business team provides the kind of personalized service and local decision-making that you just can't find at the big banks. They understand our business and respond fast.”
Sweep Account FAQ
Answers to the questions business members ask most about sweep accounts.
Disclosures
Sweep account services are an optional feature for ACU business accounts and are subject to account agreement terms. Availability and configuration depend on your account structure.
Membership required. America's Credit Union is a federally chartered credit union insured by the NCUA up to $250,000 per ownership category. NMLS #449181. Equal opportunity lender.
Stop Babysitting Your Balances
Let your accounts manage themselves. Talk with our business services team about the right sweep strategy for your business.