Maintain multiple accounts without the hassle of making manual transfers
With a Target Balance Account, you can segregate accounts for bookkeeping purposes and automate funding while maintaining a pre-determined balance. As transactions post to the Target Balance Account, funds are automatically transferred from the main account to cover those transactions and maintain the requested balance. In conjunction with the Target Balance Account, automated investment and loan sweeps allow you to make the best use of idle funds or to only borrow needed funds from a commercial line of credit.
Maintain multiple accounts without the hassle of making manual transfers
With a Target Balance Account, you can segregate accounts for bookkeeping purposes and automate funding while maintaining a pre-determined balance. As transactions post to the Target Balance Account, funds are automatically transferred from the main account to cover those transactions and maintain the requested balance. In conjunction with the Target Balance Account, automated investment and loan sweeps allow you to make the best use of idle funds or to only borrow needed funds from a commercial line of credit.
Target Balance Account features
- Provides accurate snapshot of cash position
- Separates reconciliation for sensitive accounts
- Centralizes funds to one account
- Eliminates need for manual transfers
*Subject to additional terms and conditions and/or fees.
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