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Sweep Accounts

Manage Your Money, Your Way

Automate processes for your business with a sweep account from Banterra. With this service, you have the ability to sweep excess funds into another account of your choosing. This allows you to consolidate funds and reduce expenses while keeping your funds accessible. Contact Banterra or schedule an appointment with our Treasury Management team to learn more.

Zero-Balance Accounts

A zero-balance account (ZBA) allows you to put your dollars to work for you by eliminating excess balances in separate accounts. Banterra's ZBA, a sub-account linked to a single master account, will help you maintain control over multiple disbursement accounts and minimize excess balances. The service automatically transfers funds to or from the master operating account at the end of each business day to offset the net activity in each ZBA sub-account.

Benefits To Your Company

  • Fund consolidation is made easier
  • Provides centralized cash control
  • Automates transfers to save you time and money

Insured Cash Sweep (ICS®)

Access multi-million-dollar FDIC insurance on funds placed into demand deposit accounts or money market deposit accounts. When using the ICS* service, deposits are divided into amounts under the standard FDIC insurance maximum and are allocated among Network members. A customer can access FDIC insurance for many institutions while working directly with one bank that you know and trust.

*Placement of your funds through the ICS service or CDARS service is subject to the terms, conditions and disclosures set forth in the agreements you enter into with us, including the applicable Deposit Placement Agreement. Limits apply and customer eligibility criteria may apply. ICS program withdrawals are limited to six per month when using the ICS savings option. ICS and CDARS are registered service marks of Promontory Interfinancial Network, LLC.

Line Of Credit Sweep

Would you like to reduce your interest expense automatically? You can minimize outstanding balances on your Line of Credit by sweeping excess collected funds from your checking account. Based on a pre-determined target balance, funds are automatically transferred from your line into your checking account as needed.

Benefits To Your Company

  • Reduce interest expenses
  • Improve financial control