Question

What is a bank deposit sweep?

Answer This Question
Interesting Question?   (2)   (9)



Answers (1)

28th Feb 2011 by admint

Cash balances or free credit balances are automatically "swept" into an interest-bearing deposit account at your bank. The program allows the client to keep their free cash working all the time..

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



4th Nov 2009 In Banking 1 Answers | 142 Views
Subjects: bank deposit sweep,

Answer This Question / Give Your Opinion
What is a bank deposit sweep?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *