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Investment & Debt Management Sweep

BankAtlantic’s Investment/Debit Management Sweep is the ultimate treasury management tool for businesses that fluctuate between using a line of credit to fund daily operations and having excess investable funds based on cash flow.

At the end of each business day, BankAtlantic conducts a review of your company's checking account and determines net activity. If your line of credit has an outstanding balance, excess funds are applied from your checking account to reduce the principal balance on the line of credit, saving you substantial interest. After the outstanding balance on your line of credit is satisfied, excess funds are automatically transferred to the sweep account you select. Checking accounts requiring funds to cover presentments and other disbursements are funded first from your sweep account, then by your line of credit, up to the credit limit.

Sweep to a Deposit Account:

1. Money Market

Sweep to an Investment Account:

2. Business
3. Mutual Fund

Investment/Debit Management Sweep Benefits:

Savings

  • Minimize daily treasury management tasks and save time
  • Receive earnings credits on your target balance to compensate for bank service charges
  • Eliminate the need for controlled disbursement services.
  • Minimize interest expense by repaying your line of credit as funds become available

Control

  • Eliminate the guesswork of predicting wires, deposits and disbursements
  • Maintain liquidity to meet working capital needs each day

Efficiency

  • Maximize investment earnings by increases the return on your excess balances
  • Achieve ultimate efficiency by using a Zero Balance Account structure to pool funds from multiple accounts into the Investment/Debit Management Sweep

 

 

 

Securities and Investment Products are:

• Not a Deposit • Not FDIC Insured • Not Bank Guaranteed • Not Insured by any Federal Government Agency • May Lose Value

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