Line of Credit Sweep

Maximize excess funds to reduce interest expense.

Daily deposit management decisions can be a burden on your business. To help simplify your credit line payment decisions, Old National recommends a Line of Credit Sweep.

We work with you to determine a target balance. If your account exceeds this target, excess funds will be applied to your line of credit. If your account falls below the target, the line of credit will advance funds, bringing your account back to the target balance.

Benefits

• Transfer your excess balances automatically 
• Reduce the need for manual balance allocation decisions
• Provide for overdraft protection with sufficient available credit
• Reduce outstanding balances on your line of credit, reducing your interest expense