To ensure your line of credit is paid down at regular intervals, credit sweeps can be a helpful tool. Credit sweeps automatically transfer any idle or excess cash in your account to your credit line.
- Loan Pay Down – set amount is transferred at the end of each business day from your account to your credit line. You can adjust the daily amount as needed.
- Two-way Loan-sweep – create a designated balance in your checking account. When it falls below the target balance, it will sweep from your line of credit to your checking account or vice versa.