Sweep Service for Commercial Checking Accounts

At Park State, we provide many services to keep your cash management tasks as simple as possible. Sweep Service lets you set target balances on your checking and literally sweeps the excess funds from your Business Checking Account to an interest bearing savings or money market account. Then as your cash demands increase, those same funds are swept back to your Business Checking Account, automatically!

You set the limits, and your overdraft worries are eliminated.

Sweep Service also works with your business line of credit, sweeping principal reductions directly to your Line when funds are available, reducing your interest cost without having to think about it!

 Fee: $12.00* per month

If you are interested in simplifying you cash management activities daily, please contact Paul Odlaug in Minneapolis or Michele Lammi in Duluth. They will be happy to assist you in starting the Sweep Service for your business.

*The fee will appear on your Analysis Statement monthly, and is applied against your earnings credit.