Keep your excess funds working for you for the highest returns.
BankPlus offers an array of sweeps to accommodate your cash management needs. Deploying the right sweep arrangement allows your business to segregate accounts without the need to fund accounts manually. From credit line sweeps and zero balance accounts (ZBA) to consolidating funds to your primary account, BankPlus is able to provide a solution to optimize your liquidity and investment needs.
Zero Balance Accounts
Zero balance sub-account(s) are systematically linked to a master funding account. All checks and deposits posted to the sub-account(s) are automatically funded from or to the master funding account bringing the sub-account(s) back to the designated target balance at the close of each business day.
Insured Cash Sweep® (ICS)
The Insured Cash Sweep (ICS) arrangement allows you to maintain a business checking account with BankPlus with a target balance of $100,000, while automatically sweeping excess funds to earn interest on idle balances. Your deposit balances remain liquid and readily available for use at any time. This is an excellent solution to keeping idle funds FDIC insured*, all while generating a return on your deposit balances.