In an effort to help you better protect your personal information, your Login ID and Password will be input on separate screens.
Login IDs will be input on the Mercantile Bank homepage, you will then be directed to a new page to input your password.
This automated cash management tool helps you maintain a target balance on deposits while reducing interest charges and increasing the efficiency of your business. Loan Sweep frees you and your staff from the tedious tasks of monitoring, processing and forecasting your daily cash position.
A convenient, cost-effective way to manage your cash flow.
As your cash position changes from day to day, our Loan Sweep automatically responds to your cash flow needs:
- When your Checking Account (DDA) falls below a target balance, funds are automatically transferred from your Line of Credit to the DDA. This helps prevent overdraft charges.
- When your Checking Account contains funds above the target balance, they're automatically transferred to your Line of Credit. This reduces the interest expense on your Line of Credit loan.