![]() ![]() A complete overdraft protection solution.Save money by borrowing and paying interest on only the amount required to bring your checking account to its target balance. ![]() Would my business benefit from a Loan Sweep? Similar to a Target Balance Account, you and your banker decide what balance makes sense for your business based on your account activity to offset account service charges.Wants to reduce or eliminate idle balances and put your available cash to use by pooling it in a general operating account or line of creditĪ Business Sweep automatically transfers money from your checking account into an interest-bearing account or line of credit based on your parameters.Wants to fund an account on an “as needed” basis.Wants to reduce staff time spent monitoring and transferring funds between separate accounts.Has multiple depository or disbursement accounts.Would my business benefit from using a Target Balance Account? Funds are automatically swept into or out of your account based on the balance selected.Together, you and your banker decide what balance makes sense for your business based on your account activity to offset account service charges.Needs to offer financial EDI receipt capability, but doesn't want to make a major investment in hardware, software, and trainingĪ Target Balance is a specific balance you want to maintain in your business checking account.Would my Business Benefit from Electronic Data Interchange? You don't have to be an EDI expert or invest in EDI software.Information accompanying payments, such as invoice number and payer, is translated and delivered to you via Commercial Online Banking.Payments are processed and credited to your account.We receive your payments through the Automated Clearing House (ACH) network. ![]() How does Electronic Data Interchange work?
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