Funds Management
Increase your business's efficiency and optimize cash flow with Fee Saver Checking, Cash Management Investment 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
- 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
- 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
