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Automatic (sweep) transfer

Automatic (sweep) transfer - EECU

We can arrange an automatic 'sweep' to transfer funds between your Access Plus and Cash Management accounts. The sweep occurs at the end of each business day and is set up to maintain a minimum balance in your Access Plus account/s. A minimum balance of $500 applies for the account balance to be maintained by a sweep facility.

  • Fully automatic - convenience of not having to monitor your account balance or manually transfer funds
  • Limit funds held in an Access Plus account and reduce your exposure to fraud.
  • Maximise your interest earnings by keeping the bulk of your funds in the higher interest Cash Management account.
  • Operate across memberships both jointly and solely in your name.

Please note: as the sweep occurs at the end of each day, if you need immediate access to funds you may need to transfer funds manually via internet or telephone banking.

To establish a Sweep Facility Download a Sweep Service Authority form

Review EECU's Everyday banking General information and Terms and Conditions.