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
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
Earn Interest And Access Multi-Million-Dollar FDIC Insurance With IntraFi® Network Deposits
With IntraFi, Banterra can offer smart and convenient ways to safeguard your large deposits by using a network of banks, but with the simplicity of working with just Banterra. IntraFi product offerings include ICS (IntraFi Cash Service) - funds placed into savings or money market accounts and CDARS - funds placed into CDs.
With ICS and CDARS services, you can:
- Enjoy peace of mind knowing your funds are eligible for multi-million-dollar FDIC insurance
- Earn interest
- Save time by working directly with our bank
- Enjoy flexibility
- Know the amount of your deposit can be used to invest in your local community
Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi, CDARS, One Bank One Rate One Statement are registered trademarks, and the IntraFi logo and IntraFi hexagon are service marks, of IntraFi Network LLC.
