Automated Investment Sweep Service

Overview

How it works

• You select the investment option that best meets your company's investment strategy. You may choose from:
  • Treasury Management Sweep Account
  • Goldman Sachs Money Market Mutual Funds
  • Money Market Deposit Account Sweep
• We work with you to establish a "target balance" for your checking account
• When balances in the account exceed your target balance, the excess collected funds are automatically transferred to the investment option you selected
• The investment is the last transaction to occur in your checking account each night, so you can be assured that you are fully invested
• We invest all your excess funds over your target balance, to the penny
• A detailed description of all transactions is mailed to you, or you may view them daily via BBVA Net Cash
  

Depending on the sweep option you have chosen, your funds will:

• Stay invested in the sweep until they are needed in your DDA for operational needs

- Or -

• Stay invested overnight and sweep back into your DDA the following banking day