Since its introduction in 1996, the Bank Sweep Manager® solution has been used by over 500 banks in almost every state to increase profitability by attracting new customers and retaining current relationships. It provides your bank with a safe and secure product that meets the needs of both your corporate and larger retail customers wanting both a fair return on their excess funds and a safe investment. Offering a Sweep Account program reduces the risk of profitable corporate and larger retail accounts moving their excess funds to larger regional banks or brokerage firms.
Today, customers using Bank Sweep Manager® range from community banks with $70 million in assets to regional institutions with assets of $22 billion. These banks represent a diverse collection of institutions and charters, from nationally- and state-chartered banks, to federal savings associations. All together, users of Bank Sweep Manager® are administering collective daily balances in excess of $4 billion dollars, each one managing their Sweep Account portfolio in a matter of minutes every day.
Please contact us to speak with one of our current client banks and learn firsthand the benefits of the Bank Sweep Manager® solution.