SEI  ̶  Cash Sweep Program

SEI Investments’ CASHSWEEP is a fully automated system that sweeps excess retail and commercial DDA balances into selected money market mutual funds allowing business customers to invest short-term assets conveniently and effectively. Banks will generate fee income and retain the commercial customers who may explore investment opportunities with non-bank competitors. Through the program, community banks can offer both corporate and retail clients a variety of money market funds.