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Broadway Bank Contact Form

Repurchase Agreement Sweep Service

Let Broadway Bank help you keep excess cash invested at all times.

Broadway's Repurchase Agreement Sweep Service (Repo Sweep) will automatically invest your company's idle balances. Repo sweeps require a minimum sweep investment of $100,000 each day for investment. Funds are transferred into an investment account collateralized by a "bank owned" U.S. Government mortgage backed securities. Just specify a target balance for your primary deposit account and funds will be transferred into the collateralized account on a daily basis.

Repurchase Sweep Agreement Icon

The benefits of Interest Checking Sweep?

  • Increase earnings. Keep excess cash invested at all times for maximum return.
  • Eliminate overdrafts. Have funds automatically swept from your investment fund to checking as needed.
  • Increase efficiency. The automated sweep system means less staff time spent monitoring,handling and forecasting your daily cash position.
  • Specify your desired "target" balance for your primary deposit account (DDA).
  • Maintain a minimum of $100,000 balance exceeding the "target" balance maintained in checking account.
  • Broadway links your DDA to the collateralized investment* account through our deposit and "Cash Manager" Systems.
  • At end-of-posting each day, we automatically make transfers to meet the DDA's target balance.
  • Each month, Repo investment statements and interest are credited to your checking account.

Have a question? We are happy to help.

(210) 283-6724(800) 531-7650
Broadway Bank. We're here for good. Equal Housing Lender. Member FDIC