Managing Liquidity
Advance Your Business with Clarity and Control
Managing liquidity doesn’t have to be complicated. We provide simple, efficient solutions to keep your business moving forward.
Business Line of Credit Sweeps
Credit sweeps are a helpful tool to make sure your business’s line of credit is paid down at regular intervals. Automatically transfer any idle or excess cash in your account to your credit line. Options include:
- Loan Pay Down: A pre-determined amount is transferred from your account to your credit line at the end of each business day and can be adjusted as needed.
- Two-Way Loan Sweep: Designate a minimum balance for your checking account. When it falls below that target, funds will sweep from your line of credit to your checking account or vice versa.
Payroll Services
Gain access to a full-service payroll solution designed to save time and reduce stress through our partnership with Auris, formerly Heartland. Simplify payroll management and compliance with secure technology and local support. From accurate payroll processing and real-time reporting to employee self-service and automated tax filing, Auris takes care of the details so you can focus on growing your business.
Zero Balance Account
Need to simplify managing multiple accounts? Our Zero Balance Account helps you keep control while reducing administrative headaches. With ZBA, subsidiary accounts automatically maintain a zero balance by sweeping funds to and from a master account, giving you centralized control and better cash flow visibility.
ZEscrow
ZEscrow from BankNewport brings escrow and subaccounting into the digital age, eliminating the need for excessive paperwork and manual processes. Designed for businesses that need speed, flexibility, and compliance, ZEscrow lets you manage all your escrow accounts online, anytime, from a single secure platform.
