Protecting Your Business Deposits
Automated Technology Means Greater Efficiency
With Investment Sweep, you can automate manual transfers and receive a competitive return on your excess business checking balances. With The Bank of Austin, your deposits are always with us, not swept to an account outside the United States or an uninsured money fund.
Advantages Of Seamless Cash Management
- Earn interest on your idle business checking balances
- Offers easy set-up and management
- Gives you an unlimited number of transactions to support cash flow
- Integrates seamlessly with your existing Austin business checking account
- Assures you that invested funds are a deposit of The Bank of Austin
LOAN SWEEP
- Automatically moves collected funds between your checking account and line of credit
- Provides automatic loan advances and pay downs
- Minimizes interest expense
- Reduces the likelihood of an overdraft
- Maximizes the use of your funds
- Integrates seamlessly with your existing Austin business checking account
ZERO BALANCE ACCOUNT
A Zero Balance Account (ZBA) automatically moves funds between two checking accounts, eliminating manual transfers and consolidating your funds. You can use it for payroll, refund, collection and disbursement accounts.
Combine a ZBA with Investment Sweep or Loan Sweep to ensure maximum cash management efficiency.
Client Dave Collmann, CEO & President of TesCom
Cash Management Solutions
Optimize Your Working Capital & Collect Receivables Efficiently
We’re here for you with fast-track implementations and online service tools to improve cash flow management, reduce costs, increase control and maximize the productivity of your staff.