Automated Credit Sweep

Huntington's Automated Credit Sweep helps you contain borrowing costs while ensuring your daily funding needs are met. When Automated Credit Sweep is coupled with Automated Funds Investment (AFI), your working capital management is fully automated.

Automated Credit Sweep is designed to move funds electronically between your Huntington line of credit and your checking accounts. By automatically monitoring your checking account and credit line balances, our system makes the necessary transfers to support your daily liquidity needs. Automated Credit Sweep either pays down your loan, or draws funds from it. You save time and minimize interest expense since you borrow only what you need and repay your principal as soon as your cash flow permits.

We'll keep you apprised of your cash position and loan balance through daily reporting available via Business Online, our business access system, or automated fax.

Take charge of your daily cash position decisions and eliminate excess checking account balances by combining Automated Credit Sweep with Huntington’s Automated Funds Investment (AFI). Your funds are never idle with this service combination. Once your loan principal is fully repaid, your available balance is invested automatically in the AFI option of your choice.

Need to link multiple deposit accounts to your line of credit? No problem – just use Huntington Zero Balance Accounting (ZBA) with your Automated Funds Investment services.

To learn more about Automated Credit Sweep, contact a Business Banker at your local Huntington banking office or call the Business Service Center at 1-800-480-2001 weekdays, 7:30 a.m. to 6:30 p.m. ET, and Saturday, 8:00 a.m. to 5:00 p.m. ET.