Funds Management

Increase your business's efficiency and optimize cash flow with Fee Saver Checking, Cash Management Investment Sweep / Line of Credit Sweep and Zero Balance Accounts.

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Fee Saver Checking

• Ideal for high-transaction volumes
• Use as a cash depository in conjunction with a Farmington Bank Cash Management System
• Provides a monthly analysis statement with details on balance maintained, services used, and earnings credits calculations
• Earnings Credit Allowance (ECA) can offset some or all of the monthly fee
• Optional linkage to an Investment Sweeps account

Cash Management Investment Sweep/Line of Credit Sweep

• Automatically moves excess cash above your predetermined minimum following end-of-day reconciliation into a Farmington Bank investment account
• Earn overnight and have your account credited every day
• Reduce interest expense by having excess funds automatically shifted to pay down existing line of credit balances
• Should your checking account fall below a predetermined amount, the sweep automatically shifts excess funds to replenish the account
• An excellent tool for supplementing investment income while ensuring liquidity

Zero Balance Accounts

• Puts excess funds to work—link to your main operating account with automated transfers as needed
• Enables better decision-making through simple tracking of cash flows and a single, unified view of funds
• Cuts costs and improves transparency with fewer accounts to manage
• Can be used in conjunction with Farmington Bank Sweep accounts