Sweep Account Services
Sweep Account Services: A CenterState Bank Sweep Account helps you maximize your company’s cash flow by automatically sweeping excess funds from your CenterState Bank business checking account to your line of credit and/or an investment account. Benefits include:
- Reduced interest expense (Loan Sweep)
- Increased investment earnings (Investment Sweep)
- Simplified record keeping and reconciliation
- Improved cash management efficiency
Zero Balance Accounts: This service facilitates the movement of funds between your company’s accounts, ensuring the most efficient possible use of your dollars. By automating this function, you are able to maintain separate accounts with statements for activity such as payroll and payables.