sweep services

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Our Business Sweep services are a tune-up for your high-balance accounts.


Draft Sweep

Manage and connect multiple accounts with our Business Sweep Services. Sweep accounts can transfer extra cash into a dividend account or a commercial loan automatically, with same-day access.

A Draft Sweep moves funds from one share account to another, which allows one account to serve operational needs while the other works as a steady source of funds. You can choose from two different types of Draft Sweeps:

  • Standard Sweep – With this option, two checking accounts are linked. The target balance of the primary account may be set to any amount. At the end of the business day, funds are swept to or from the attached account to maintain the target balance.
  • Zero Balance Accounts Sweep – This is a Standard Sweep with a $0 target balance. At the end of the business day, funds are swept to or from the attached share account to maintain the $0 balance.
  • Link to your business checking account to fund overdraft protection1

Let’s say your business has more than one location and each one has daily deposits. A Draft Sweep could automatically transfer all deposited funds to your preferred account. So if you need multiple business accounts but don’t want to store excess funds in them, a Draft Sweep might be best for you.

Loan Sweep

A Loan Sweep transfers funds between a share account and a business commercial loan. When cash flow is reduced, use a line of credit as overdraft protection. When cash flow improves, the commercial loan balance is paid down using the excess funds in the share account. Any target balance amount may be established in the primary share account.

This would work well for businesses that keep only small amounts of cash on hand and want the convenience of automatic transfers to a commercial loan account.

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Call our business service center at: (888) 200-7845

Business Advisors

UFCU Routing Number: 272484894

Insured by NCUA. Equal Housing Lender – We do business in accordance with the Fair Housing Act and Equal Credit Opportunity Act. NMLS #471962.

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