Managing short-term debt efficiently – with maximum gain for you – is simple with our automated credit sweeps. Your money should be working for you constantly, as it does through our value-enhancing automated credit sweeps. With this simple addition to your funds management system, your business can automatically pay down debt with excess funds, reducing the amount you pay in interest.
Set a target balance, initiate payment and deposit transactions, and excess cash is put to use automatically. If your available balance exceeds your target, that cash automatically goes to paying down outstanding line of credit balances. And when cash levels are lower than your target, we draw on the line of credit to cover daily obligations. Credit sweeps can also be combined with an investment sweep to maximize earnings.
The result is that your organization's hard-earned cash is always where it should be: building your bottom-line.
Banking products and services are offered by KeyBank National Association. All credit, loan and leasing products subject to credit approval. Key.com is a federally registered service mark of KeyCorp. KeyBank is Member FDIC.