Stop moving money manually. Ameris Bank’s Automated Sweep Account lets you have liquidity, maximize your earnings and minimize your interest expense. Use your idle or excess funds in a deposit account to pay down short-term debt under a business line of credit. Set a target balance to determine how much of your funds will be used. This helps you reduce the costs paid through interest on any outstanding debt. Think of your automated sweep account as a cash management tool that helps you manage your business checking and savings accounts and earn interest on idle cash.
AUTOMATED CREDIT LINE SWEEP
Line of Credit Sweep Account
- Move excess balances automatically to pay down your line of credit1
- Reduce the need to manually allocate balances
- Reduce outstanding balances
Investment Sweep Account
- Move excess balances automatically to/from an investment account2
- Reduce the need to allocate balances manually
OUR MISSION. YOUR SUCCESS.
We're here to help every step of the way.
1Subject to credit approval.
2The minimum sweep transfer amount is determined by the customer, but cannot be greater than the target balance. The rate on this sweep changes daily, and this product is not insured by the FDIC, nor guaranteed by the bank. This product does involve investment risk, including the possible loss of principal.
Ameris Bank is a financial institution serving customers across the Southeast and Mid-Atlantic. Customers can benefit from Ameris Bank products and services through online account opening. Ameris Bank has full-service locations in Alabama, Florida, Georgia, North Carolina, and South Carolina and mortgage-only locations in Alabama, Georgia, Florida, South Carolina, North Carolina, Virginia, Maryland, and Tennessee.