Line of Credit Sweep

Line of Credit Sweep Account Details

How does the Line of Credit Sweep work?

This is an automated line of credit sweep service linked to your Reality Business Pro or Commercial Checking account.  Funds are moved into your business checking account from your commercial line of credit if collected funds do not cover checks presented.  If collected funds total more than the checks presented at the end of the business day, the collected funds automatically pay down the commercial line of credit.

Features & Benefits

• Eliminates time and inconvenience to request manual draw
• Prevents overdrafts or excess balances as well as provides maximum utilization of funds
• Reduces interest expense
• All transfers to and from the checking account/Line of Credit are in $1,000 increments
• The sweep service may be used in conjunction with our Automated Investment Sweep; utilizing both the Investment and Line of Credit Sweep allows you to maximize your return on funds and still enjoy the convenience of readily available credit

Let's Talk