TowneBank Business

Put Your Cash to Work

Pay down debts or leverage short term investments.

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Liquidity Sweep Accounts

With fluctuations in monthly cash flow, many companies accumulate substantial balances. Don’t let those funds sit idle, instead put extra funds to use through a Sweep account, a Line of Credit Sweep Account or a combination of the two.

Here’s how it works:

  • At the end of each business day, TowneBank will calculate your daily cash position.
  • If the positive collected balance exceeds the predetermined target balance, funds are automatically used to pay down your TowneBank line of credit or invested in repurchase agreements.
  • Funds can also be automatically transferred from the line of credit and/or sweep account to cover daily cash needs in your primary banking account.

Learn More

Contact a Treasury Services Specialist to get started.

*The Sweep repurchase agreement is an interest in TowneBank’s U.S. government and agency bond portfolio. Funds are not FDIC insured, not guaranteed by TowneBank; may go down in value. 

Normal credit approval criteria apply.