Zero Balance and Sweep Accounts

Institutional Banking

Leverage our Zero Balance Accounts (ZBA) and Sweep services 
to maintain liquidity in your operational account and simultaneously have your excess money work for you. We will provide you with suitable
options to provide you with efficient money management tools.

<ul><li>Initial analysis is performed on all deposit accounts to determine a target balance to offset service fees</li><li>Once a target balance is established, an Account Analysis Checking and a Sweep Account are opened</li><li>All available funds in the Account Analysis Checking in excess of the target balance are swept into the interest-bearing Sweep Account</li><li>Funds are swept back automatically to the Account Analysis Checking to support any funding needs</li><li>Available to not-for-profit organizations with an Account Analysis Checking account</li><li>Business Online Banking is required</li></ul>

Not-for-Profit Sweep Account

<ul><li>Earn interest on funds that would normally remain idle in your checking account while simultaneously maintaining liquidity in your operating account and supporting all transactions activity</li><li>Excess cash is automatically transferred into an investment instrument at the end of each day and back into the commercial checking account the next morning</li></ul>

Repurchase Sweep Agreement (REPO)

Increase your company’s profits by automatically investing surplus funds from idle accounts and earn interest without requiring additional time or effort.1<h4>Features and Benefits</h4><ul><li>Maximize the use of overnight excess cash</li><li>Maintain liquidity with invested funds available next day</li><li>Help to maintain target balance to offset service charges</li><li>Available to Account Analysis Checking clients</li><li>Business Online Banking is required</li></ul>

Investment Sweep Account

A checking account that receives only enough funds from a concentration or “master” account to cover checks presented each day in order to maintain a balance of zero. ZBAs are used to eliminate excess balances and increase investment opportunitiesAt the end of each business day, LendingClub Bank will automatically transfer funds to or from your centralized account to bring your checking accounts back to a zero balance<h4>Features and Benefits</h4><ul><li>Maximize fund availability</li><li>Automate funding or debiting of multiple accounts</li><li>Simplify the management of cash balances</li></ul>

Zero Balance Accounting

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“Saving money has always been a struggle of mine, but ever since I set up a separate savings account here I have been watching my balance grow.”-- Carl G.

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