Automated Credit Line Sweep Account
Don’t let funds sit idle. Maximize earnings and minimize interest expense with an automated credit line sweep.
- Automatically move excess or idle cash to pay down a line of credit or to fund an interest-bearing account based on a target balance within the operating account
- Receive immediate response to day-to-day changes in your checking account
- Eliminate the managing and time of transfers between multiple accounts
- Create operational efficiencies
- Increase returns on idle cash balances
- View account information anytime online through Ameris Bank Business Online Banking
The 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.