Skip to main content

MMDA Sweep

Help increase your returns on idle cash balances and make your money work for you

PNC Bank's MMDA Sweep is an automated cash management tool that can help you make the most of your idle cash. You can confirm daily liquidity and enjoy immediate access to investment balances.

MMDA Sweep automatically links your checking account to an FDIC-insured PNC Bank money market deposit account. Establish a target balance in your checking account. On a daily basis, balances above your pre-determined target balance are swept into your money market deposit account. As transactions are posted and your checking account balance falls beneath your specified target balance, funds are swept from the money market deposit account back into your checking account.

MMDA Sweep helps to maximize your earning power on idle cash balances while confirming instant liquidity. A statement of sweep activity is included with your checking account statement.

Important Legal Disclosures and Information

Bank deposit products and services provided by PNC Bank, National Association. Member FDIC

Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.