Line of Credit Sweeps

Make the most of excess cash with a First Bank Line of Credit Sweep that ties together your line of credit, checking or money market account. 

Why a First Bank Line of Credit Sweep

Add our line of credit sweep feature that links your First Bank checking or money market and line of credit with automatic transfers to maximize your money. First Bank has several sweep options like:

One-way sweeps

Transfers from your First Bank line of credit to your checking when the account balance falls below a set target.

OR

Transfers from the checking when it exceeds a certain balance to pay down any outstanding principal on your First Bank line of credit.

Two-way sweep

Not only transfers from your First Bank line of credit into your checking when it drops below a certain level, but also transfers out of your checking when it exceeds a predetermined amount and uses it to pay down any outstanding principal on your line of credit.

Three-way sweep

Moves money between your First Bank line of credit, checking and money market accounts in a way that you customize for your business to manage your day-to-day cash.

First Bank sweeps put you in control

• Maintain a preferred balance
• Have peace of mind that incoming debits are covered
• Improve cash flow
• Reduce interest expense
• Automate principal payments on your line of credit

At First Bank, it’s easy to put idle or excess money to work, borrow as needed to maintain a target balance, or both.

Together, Let’s Make Great Things Happen

Partnering with businesses to make great things happen is the most significant way we give back to our communities. Meet the First Bank team helping businesses thrive in Carmi, Grayville, Lawrenceville and Mount Carmel in Illinois, and Evansville, Haubstadt, Mount Vernon, Poseyville, Princeton and Vincennes in Indiana.