Automated Loan Sweep

Maximize your funds availability and minimize interest payments by linking your commercial checking accounts with your commercial line of credit.

How It Works

Every business day, M&T will post all deposits, checks and other debits and credits to your organization's commercial checking account. After the ending balance is calculated, any available funds that exist in excess of a predetermined amount (target balance) will be automatically transferred to your commercial line of credit to pay down balances. Conversely, when funds are needed to meet daily requirements, a line advance is automatically triggered from your commercial line of credit.

Automated Loan Sweep service can be used in conjunction with Automated Investment Sweep and/or Zero Balance Account (ZBA) services.

Who Can Use It

Organizations with an M&T Commercial Checking account and a commercial line of credit.

Benefits to Your Organization

  • Maximize funds availability
  • Minimize interest payments
  • Automatic advances/pay downs

How to Enroll

To find out more, or to set up Automated Loan Sweep service, please contact your dedicated M&T Relationship Manager or the Commercial Service Team at 1-800-724-2240, Monday–Friday 8am–6pm ET.

M&T Bank’s Automated Loan Sweep service is provided subject to M&T Bank’s standard Master Treasury Management Services Agreement and Treasury Management Services Product Terms and Conditions for that service.
Unless otherwise specified, all advertised offers and terms and conditions of accounts and services are subject to change at any time without notice. After an account is opened or service begins, it is subject to its features, conditions and terms, which are subject to change at any time in accordance with applicable laws and agreements. Please contact an M&T representative for full details.