Sweeps
Sweeps
Sweep accounts automatically transfer excess funds from a checking account into interest-earning investments, helping optimize cash flow and maximize returns while ensuring liquidity for operational needs.
Zero Balance Sweep
Optimize cash flow and simplify daily cash management processes with an automated solution for subsidiary management and tracking.
Key Features & Benefits
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Streamline cash management, accounting and reconciliation functions.
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Concentrate funds and easily track subsidiary activities.
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Optimize balances with automatic transfers.
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Reduce occurrence of overdrafts.
Loan Sweep
Optimize cash flow and simplify daily cash management processes with an automated solution to pay down or draw upon a commercial line of credit.
Key Features & Benefits
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Reduce time spent on daily cash positioning.
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Minimize interest expense and maximize funds availability.
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Eliminate idle cash balances with automatic transfers to and from line.
Repurchase Sweep
Protect deposit balances in excess of standard FDIC coverage limit and simplify daily cash management processes with an automated solution.
Key Features & Benefits
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Available balances in a Commercial Analysis Checking account will sweep into a linked Repurchase Account.
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Minimize deposit risk using fully collateralized government-backed securities (Public Act 20 compliant).*
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Maintain liquidity and maximize funds availability with automatic transfers.
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Reduce time spent on daily cash positioning.
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Daily online confirmation notices disclosing collateral information.
Contact Treasury
Experienced. Committed. Driven.
Please feel free to contact us by using the form below, emailing us at TreasurySupport@mercbank.com, or by phone (Monday - Friday from 8:00 am - 5:30 pm EST):
800-453-8700 Option 2
Please Note: This form is not encrypted.
Please do not include ANY sensitive information, such as account numbers or service requests on e-mail. This e-mail should only be used for general questions or comments.
*Funds held in the Repurchase Account are NOT FDIC INSURED, NOT GUARANTEED BY MERCANTILE BANK, and MAY LOSE VALUE. In the event of a Bank failure, you would hold title to the identified securities purchased with your funds. The asset and returns are fully dependent on the underlying securities and can fluctuate.