Maximize Your Company's Cash Flow Today
As a business owner, it's critically important for you to stay on top of your company's cash flow. From incoming revenue to outgoing payments, Iroquois Federal's sweep arrangements help ensure your funds are always where they need to be — and help you earn interest on the excess balance every day. Now that's what we call efficiency!
To learn more about sweep arrangements and how they can benefit your business, contact a member of our team or visit your nearest Iroquois Federal banking office.
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Cash Management Account Options
Concentration Account
- Central account for receiving deposits
- Funds operating accounts, investment accounts, and lines of credit
Operating Account
- Used for daily operations like payroll and accounts payable
- Can also serve as the concentration account
Zero Balance Account (ZBA)
- Maintains a $0 balance
- Funds transferred from the operating account as needed
- Ideal for payroll and accounts payable
Investment Account
- Holds excess balances not needed for daily operations
- Earns interest to help grow your business reserves
Repurchase Agreement
- Designed for customers with balances exceeding FDIC insurance limits
- Offers a secure way to manage large deposits