M&T Bank’s Automated Investment Sweep service links your commercial checking account with an investment account. Every business day M&T will post all deposits, checks, and other debits and credits, to your company checking account. After the ending balance is calculated, any positive collected funds that exist in excess of a predetermined amount (target balance) will be automatically invested in your selected investment option.
Automated Investment Sweep Service Options
Overnight Investments - Sweep investments or deposits that the bank makes for you on one business day, sells or liquidates in their entirety the following business day, and deposits, with earnings, back into the checking account.
Net Investments - Sweep investments or deposits that the bank makes for you on one business day and sells or liquidates for you and deposits back into the checking account on a subsequent business day only if, and to the extent that, the available balance in the checking account on that subsequent business day is less than the predetermined amount (target balance).
To find out more, please send us an email, call 1-800-724-2240 to speak to one of our experienced Commercial Service Team Representatives, or contact your M&T Relationship Manager.