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Please note that you, and not Wells Fargo Advisors, are responsible for monitoring the total amount of your deposits at the Program Banks in order to determine the extent of fdic insurance coverage available.
When your balance drops below that amount, we'll transfer it back.
Other benefits include the ability to have up to 1,250,000 (250,000 per depositor, per insured bank for each account) Federal Deposit Insurance Corporation (fdic) insurance for deposits in your Wells Fargo Advisors account when deposits are held at all five Program Banks in the Expanded.Then, if the customer needs quick access to the money, it can be immediately transferred from the sweep account back into their cash account.Money Market Fund Sweep, the Money Market Fund Sweep automatically sweeps uninvested cash balances into a money market fund.Electronic Deposit Insurance Estimator.At that point, a financial advisor will sit down with the business owner and discuss the options regarding the sweep account.Let Unions Treasury Management team help get the best possible returns for your money.Fdic-insured up to 250,000, accounts have a monthly fee with tiered rates.We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of Union.Business Online Banking, move amazon ca promo code free shipping 2014 money, handle payroll and check account balances quickly and efficiently.The sweep account is a solution that was created in order to provide the best of both worlds.Simplify your payroll process with direct deposits to employees bank accounts.The Standard Bank Deposit Sweep will provide up to 500,000 in fdic insurance (1 million for joint accounts with two or more owners).There it earns interest until you need it again.This money can be used to put into a CD, a money market account, or some other type of short-term investment.Additional information is contained in the Wells Fargo Advisors.And may not be fdic insured.
A sweep account is a type of bank account that is used by many businesses and is offered by most commercial banks.