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Integra Bank's Automatic Sweep Investment is a service that automatically invests excess, daily collected balances in overnight repurchase agreements (Repos). The next day the funds necessary to cover any checks are automatically deposited back into the account. This service enhances return on investment and minimizes the need to track and transfer investment funds manually.
Integra Bank's Investment Sweep and Commercial Line of Credit Sweep minimize outstanding balances. If your line of credit has an outstanding balance, daily excess collected funds in your business checking account will sweep over to reduce interest expense. If you have no outstanding balance on your line of credit, excess collected funds sweep into the Business Investment Account. Our money management system also provides overdraft protection ensuring that funds will be swept from your business line of credit when needed.
Minimize outstanding balances on your Integra Bank Commercial Line of Credit by sweeping excess collected funds from your checking account. Based on your target balance, funds are automatically transferred back from your line into your checking account as needed. With a Line of Credit Sweep, you save time, improve financial control and reduce interest expense.