Increase your returns on idle cash balances and make your money work for you
PNC Bank's Business Sweep Checking is an automated cash management tool that can help you make the most of your idle cash. You can ensure daily liquidity and enjoy immediate access to investment balances.
Business Sweep Checking automatically links your checking account to an FDIC-insured PNC Bank money market deposit account. Establish a maximum and minimum target balance in your checking account. On a daily basis, balances above your pre-determined maximum target balance are swept into your money market deposit account. As transactions are posted and your checking account balance falls beneath your specified minimum target balance, funds are swept from the money market deposit account back into your checking account.
Business Sweep Checking maximizes your earning power on idle cash balances while ensuring instant liquidity. A statement of sweep activity is included with your checking account statement.
|Learn more about PNC Bank's Business Sweep Checking - download the product sheet.|
For more details, or help deciding if a Sweep service is right for your business, contact a PNC Business Banker near you or call 800-762-5684 between the hours of 7:00 a.m. to 10:00 p.m., ET, Monday through Friday and 8:00 a.m. to 5:00 p.m., ET, Saturday and Sunday.
Bank deposit products and services provided by PNC Bank, National Association. Member FDIC