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Line of Credit Sweep

Manage excess cash

Fidelity Bank’s Line of Credit Sweep is a cost-effective way to manage your excess cash. With this product, a line of credit is linked to your checking account. Fidelity Bank offers two line of credit sweeps to choose from:

One-Way Sweep: Transfers money from your line of credit to your checking account when your balance drops below a predetermined level, protecting you from overdrafts or maintaining your account with the amount of cushion you prefer.

Two-Way Sweep: Not only transfers money into your checking account when it drops below a certain level, but also transfers money out of your checking account when it exceeds a predetermined amount and uses it to pay down any outstanding principal on a line of credit.

Features include:
  • Provides the convenience of automatic transfer
  • Reduces overdrafts
  • Improves cash flow
  • Reduces interest expense
Subject to approval. Fees and restrictions may apply. Ask us for more details.