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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

IntraFi® Network DepositsSM

Access multi-million-dollar FDIC insurance on funds placed into demand deposit accounts or money market deposit accounts. When using IntraFi* Network Deposits, funds 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 funds through IntraFi Network Deposits is subject to the terms, conditions, and disclosures in the program agreements, including the Deposit Placement Agreement (“DPA”). Limits apply, and customer eligibility criteria may apply. Program withdrawals may be limited to six per month for funds placed in MMDAs. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before settlement for a deposit or after settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of IntraFi Network Deposits satisfies those restrictions. IntraFi, the IntraFi logo, Insured Cash Sweep, and ICS are registered service marks, and Network Deposits is a service mark, of IntraFi 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