A sweep account allows funds to be swept automatically from a business checking account to another account whenever the balance exceeds or falls below a certain level set by the customer.

At the end of each business day, Stearns Bank will automatically transfer excess balances from a checking account to an investment account or to pay down a line of credit. A line of credit can also be set up to make advances to the checking account in the form of overdraft protection in the event the balance in the checking account falls below the target balance.

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