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Sweep Services

Regions offers a full array of Sweep solutions designed to help your company automate investment and/or borrowing functions to maximize investment earnings, minimize idle balances, and reduce interest expense while allowing you to maintain complete control of your liquidity needs at all times.

  • Investment Sweep. This service automatically transfers excess checking account balances over the specified target balance into an investment instrument that earns a competitive rate of interest. If funds are drawn below the target balance, the funds are matured from investments and re-deposited to the checking account. Sweep-eligible investment options include Eurodollar and Money Market Mutual Funds.
  • Loan Sweep. This automated service ensures that funds are borrowed from a Regions Line of Credit only when necessary, and the line of credit is paid down as soon as funds are available, reducing your interest expense. Payments to the line of credit have no minimums or increments. At the end of each day, your checking account is analyzed to determine whether you require funds to pay disbursements or whether the line of credit can be paid back with excess funds in the account. Since payments are automatic, your interest expense is kept to a minimum.
  • Combination Sweep. This automated service combines Investment Sweep and Loan Sweep services to help your business automate investment and/or borrowing tasks to maximize investment earnings and minimize interest expense. At the end of each day, your checking account is analyzed to determine whether you require additional funds to cover disbursements or whether you hold idle/excess balances in the account. If the account has a deficit balance and funds are needed, the system will draw funds from your investment balance (if any) first, and then if necessary draw funds from an established line of credit.  If checking account has excess funds, the system will pay outstanding loan balance (if any) first and then will invest any remaining funds into your selected Investment Sweep option. 

To find out more about Regions Treasury Management products and services, contact your Relationship Manager, Treasury Management Sales Specialist or Business Banker.

to be contacted by a local banker

If you are an existing client and need assistance with your Regions cash management product:

Call
Regions Client Services
      or       to send an email request to the Regions Client Services team
  • Inside US call - 1-800-787-3905
    (7:00 a.m. - 6:00 p.m. CT)
  • Outside US call - 1-205-560-3999
    (7:00 a.m. - 6:00 p.m. CT)

 

All Regions products and services are subject to applicable customer agreements, terms, conditions, disclosures, and application requirements. Credit products and all loans and lines are subject to credit approval. Contact a Regions associate for additional information and details.