About Loan Sweep
Account/Loan sweep to allow excess funds in checking account to pay down a Line of Credit, vice versa, allows the Line of Credit to fund the checking account if overdrawn or under a set target balance.
• Reduces overdraft fees
• Allows the customer to pay down their Line of Credit quicker with excess funds
• Allows for immediate funding of checking account if transactions are pending
If you have questions, Contact Us.
