Insured Sweep
Protect your business funds while maximizing coverage and convenience.
Grow Your Funds with Expanded NCUA Coverage
Safeguard your funds with enhanced insurance coverage exceeding the standard $250,000 NCUA limit, while maintaining the liquidity you need. Funds are automatically swept each business day into a network of participating, NCUA-insured credit unions.
This means you can grow your balances without worrying about coverage limits or opening multiple accounts across different institutions.
Benefits and Savings
Daily, automatic sweeps of excess balances. No manual transfers required.
Expanded NCUA insurance coverage through a nationwide network of credit unions.
Clear, consolidated reporting shows where your funds are allocated.
Simplified account management by consolidating deposits in one place.
Details
Designed to support large business balances with ease.
Available with Business Signature Savings and a Business Analysis Checking or Business Signature Checking Account.
Operates behind the scenes with no disruption to your daily banking activity.
$50 Monthly Service Fee.
See Business Service Charge Schedule for additional fees that apply to allFAIRWINDS accounts.
Online Treasury Services Request
Enhance your business with our helpful services.To get started with your request, please fill out the form below and select the services that interest you. We will reach out to you within 2 business days to help complete your request. We also offer additional treasury services that are available upon approval.
Please note that the following documents may be needed to fulfill your request:
For businesses that have been a FAIRWINDS member for less than 3 months:
3 months' bank statements from your previous financial institution.
For businesses requesting the ability to transact more than $20,000/day:
1-year business tax returns.
For businesses requesting the ability to transact more than $50,000/day:
2 years of business tax returns.