A Cash sweep is an automatic bank process where funds are transferred from an investment account to a deposit account or vice versa with the .... Cash sweep refers to the process by which excess funds in a bank account are automatically transferred into another account or investment .... The Standard Bank Deposit Sweep consists of interest-bearing deposit accounts at two or more Program Banks affiliated with Wells Fargo Advisors (“Affiliated ....
Low cash-sweep rates can undoubtedly generate significant revenue for these firms, who hold billions of dollars in these accounts. Are these ....
