Automatic Sweep Optimization
The automatic sweep feature is the cornerstone of efficient business cash management at C&F Bank. You define a target balance for your business checking account — say $25,000 to cover weekly payroll and vendor payments. Every evening, any balance above that target sweeps automatically into your linked savings or money market account to earn interest overnight.
When debits post to checking that would bring the balance below your target, funds sweep back from savings to cover the shortfall. The entire process is automated, invisible and free for Business Advantage and Commercial Analysis checking clients. Basic Business Checking clients pay a $10 monthly sweep fee.
Cash Reserve Strategies
C&F Bank business bankers work with your CPA or CFO to structure a deposit strategy that balances liquidity, yield and FDIC coverage. A common approach for mid-size Virginia businesses: maintain three months of operating expenses in a money market account for immediate access, ladder six- and twelve-month CDs for predictable capital expenditures, and use ICS for reserves exceeding $250,000.
This layered approach typically generates 40-60 basis points more yield than parking everything in a standard savings account, while maintaining the liquidity profile your business requires. Annual strategy reviews ensure your deposit allocation evolves with your cash flow patterns.
