INB Mobile Banking

Inter National Bank

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Take better control of your payments and collections, as well as easily monitor your net cash position, by using our internal INB Sweep Service.


Who It Benefits

This service is particularly useful for companies with multiple locations or branches with a need to maintain separate accounts for record keeping or auditing however want to automatically concentrate funds at the end of the day to a designated “master” or main account.

You may also choose to sweep collected balances from your business checking to an INB interest bearing business account, allowing you to earn interest on excess funds & eliminate manual account transfers.(1)


How It Works

  • You need at least two business checking accounts to establish a sweep.
  • Designate your “master checking account” first, then select which sub-account(s) will be the “zero balance” or “peg balance” accounts
  • Target balance can be set at any amount or to zero.
  • At days end, based on net balances in your zero balance or peg balance accounts, each account automatically interacts with the master checking account to sweep funds into or out of the master account, based on each of the secondary account’s target level.
  • There is no limit to the number of sweep accounts that can be linked.
  • Additional accounts can be added at any time.

Contact a Treasury Management Specialist to get started with this service.
Disclosures:
  • See Business Products brochure for transaction limitations & fees which may apply.