Cash Management | Sweep

Overnight investing of excess funds is easy with help from the experienced staff at BBOK. With sweep options from BBOK, banks earn money on excess DDA funds while increasing efficiency by eliminating time-intensive manual cash management.

Banks choose from two sweep options to create cash management success:

    Complete Sweep

  • Automatically sweeps excess daily funds above the determined target balance into Fed Funds for overnight investment.
  • If the balance falls below the target, funds are automatically borrowed (up to your borrowing line) to meet the target balance.
  • Sweep to Invest / Call to Borrow

  • Automatically sweeps excess daily funds above the determined target balance into Fed Funds for overnight investment.
  • If your balance falls below the target, you can call to borrow to meet the target balance as you choose.

Built-in reporting features provides banks with activity logs and a platform to manage transactions. Any funds invested overnight are automatically moved back into your account the next day.