East Carolina Bank: ECB BEST Business Solutions

SWEEP ACCOUNTS Cash sitting idle in your business checking account represents a missed opportunity for investment income. Unfortunately, managing that idle cash takes valuable time. You can put your company's excess cash to work easily and efficiently with our integrated investment sweep program.
	Our sweep account automatically moves excess account balances from your existing ECB Business checking account to a new investment account of overnight repurchase agreements, which are collateralized by government securities and not FDIC insured.
	No fees are charged for monthly sweep transactions.
	Should your checking balance drop below the amount needed to cover outstanding checks, money will be transferred back from your investment account to your checking account.
	You always have complete control over your assets and immediate access to your invested funds.
Setting Up Your Sweep Account Contact your Loan officer today! Visit our Sweep Account Frequently Asked Questions page.