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Account Sweeps

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Account Sweeps

April 1, 2023

Bank-of-Elk-River-Account-Sweeps

Account Sweeps can automatically move funds from your checking account to pay down a line of credit, or sweep funds from a line of credit to cover checks posted to your checking account. Sweeps can also help ease the stress of managing your day-to-day cash flows.

Benefits

  • Reduce interest costs by paying down the line of credit.
  • Streamline administrative duties by eliminating manual or phone transfers.

To enroll in sweep services, contact an experienced commercial lender today or email our Loan Department at Loans@TheBankofElkRiver.com.