Target Balance/Sweep Account

Signature Bank's sweep feature automatically manages your cash to increase your company's income, without the cost or time required for more elaborate cash management procedures.

Our sweep account links your regular business checking account with one of our Fidelity Money Market Mutual Funds in the Monogram Money Market Funds Program. At the end of each business day all available cash in your checking account, above the pre-selected target balance, is automatically swept into the linked money market fund and starts to earn dividends immediately.  When your checking account is debited, Signature Bank will pull funds from your money market fund to replenish your checking account to its target balance.

 

Contact A Signature Bank® Representative

Signature Bank’s Client Care Services and Support is available 24/7. Call 1-866-SIGLINE.


For Client Care for Speech or Hearing Impaired (TTY Required), please call 212-292-0137.


To report a lost or stolen ATM/DEBIT card, please call 1-866-SIGLINE, option 6.


Call Monitoring and Recording: If you communicate with us by telephone, we may monitor and/or record the call.