Smart Cash Management for Your Business
F&M Bank’s Sweep Accounts are designed to help businesses and individuals maximize their funds by automatically transferring excess balances between accounts. Whether you're looking to earn interest, reduce loan costs, or ensure sufficient funds for daily operations, our Sweep solutions provide an efficient and automated way to manage your money.
Details
How Sweep Accounts Work
Sweep Accounts automatically transfer funds between designated accounts based on pre-set thresholds. At the close of each business day, the system evaluates your account balances and moves funds as needed to optimize cash flow.
Types of Sweep Accounts at F&M Bank
Investment Sweep
- Automatically transfers excess funds from your business checking account into an interest-bearing account.
- Maximizes earnings by ensuring idle cash is working for you.
- Provides liquidity when needed by sweeping funds back to checking.
Zero Balance Account (ZBA) Sweep
- Helps businesses manage multiple accounts efficiently by consolidating funds into a master account.
- Automatically moves funds into subsidiary accounts as needed, maintaining a zero balance in those accounts.
- Ideal for businesses with multiple locations or departments that require separate accounts.
Benefits of F&M Bank Sweep Accounts
- Automated Fund Transfers – Reduces manual cash management efforts and ensures efficiency.
- Maximized Interest Earnings – Helps grow idle cash with interest-bearing options.
- Lower Borrowing Costs – Reduces loan interest by using available funds to pay down credit lines.
- Improved Liquidity – Ensures funds are available where and when they’re needed.
- Customizable Solutions – Designed to fit the specific needs of your business.
Get Started Today!
Take control of your cash flow with F&M Bank’s Sweep Accounts. Contact us today to learn how our tailored solutions can help you streamline your finances and maximize your financial potential.