Pay down your line of credit or replenish your business checking account. Sweep options available for Checking and Saving accountsĪtlantic Union Bank's Line of Credit Sweep automatically moves your company's cash to where it benefits your business the most.Sweep allows you to maintain each account balance within the FDIC insurance coverage limit.The ICS ® Sweep service provides convenient access to multi-million dollar FDIC insurance through the program’s network of financial institutions.

We take funds in excess of the standard FDIC maximum, divide them into smaller amounts, and automatically deposit them with participating U.S. Simplify the management of your organization’s large cash balances with Insured Cash Sweep ® (ICS ®). Businesses can set target balances that keep service charges to a minimum.Accounts have a monthly fee with tiered rates.FDIC-insured up to the allowable limits.Interest is accrued daily and posted to the account monthly.Eliminates time-consuming responsibilities of managing checking and investment funds.Each day, excess funds are transferred to an interest-bearing deposit account. Our Treasury Management staff sets a target balance in a business operating account. Transfer funds between various types of accounts.Perform domestic and foreign wire transfers.Pay vendors who can accept electronic payments through ACH (Automated Clearing House).Simplify your payroll process with direct deposits to employees’ bank accounts.Move money, handle payroll and check account balances quickly and efficiently. We can enhance your cash flow, keep tabs on your line of credit and automatically “sweep” excess balances from checking accounts into interest-bearing investment vehicles. Let Atlantic Union Bank’s Treasury Management team help get the best possible returns for your money. But there’s only so much your staff can do. Business eBanking makes managing finances faster than ever.

Cash and sweep vehicle