Corporate & Institutional
Corporate/Institutional
Working Cash Sweep

Automatically transfer excess funds into short-term investments and access your line of credit as needed.

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Managing your working capital and liquidity needs is an essential part of maximizing your earnings, minimizing your interest expense and avoiding the challenges of moving money to ensure that you have sufficient funds to cover your daily operations.

Our Working Cash Sweep Service is an effective liquidity management solution that can help increase returns on idle cash balances and minimize interest expense on your line of credit.

Establish a target balance in your checking account. Based on the predetermined target account balance, any funds exceeding the target checking account balance are swept into an investment account, once daily transactions have posted. Investments are automatically liquidated from your accounts to cover daily transactions and avoid overdrafts.

Working Cash Sweep links your checking account to a non-FDIC insured money market mutual fund1 or PNC offshore deposit account.2  You can also opt to invest excess cash in collateralized overnight investments via a Master Repurchase Agreement.1 

Subject to credit approval, you can establish a Working Cash Line of Credit sweep that will work in conjuction with certain investment options. With the Working Cash line of credit you'll borrow only the amount necessary to prevent an overdraft. Once cash has been deposited in your account, the line of credit is automatically paid down to minimize your interest costs. Only after your line of credit is paid down and your account balances exceed your pre-determined target balance, will your excess cash be swept to an investment.

With our Working Cash Sweep Service, you'll never have to spend time managing and timing transfers and monitoring multiple accounts. Making your working capital work for you is easy and convenient.

Learn more about PNC's Working Cash Sweep Options.

Download these Product Sheets for information about our investment options.

Acrobat PDF File Money Market Mutual Funds
Acrobat PDF File Offshore Deposits
Acrobat PDF File Repurchase Agreements
Acrobat PDF File LOC

 

For details on PNC's Working Cash Sweep services, contact your Treasury Management Officer.

1. Money Market mutual funds and repurchase agreements are not insured by the FDIC or other government agency, are not deposits or other obligations of, or guaranteed or endorsed by, any bank and may lose value.
2. PNC offshore deposits are not insured by the FDIC or any other government agency and are payable only at PNC Bank, N.A.'s office in Nassau, Bahamas.

Click here to review the PNC General Disclosure.