Cash Management

Cash Management creates an automated link between your checking account and investment or line of credit. Cash Management streamlines your operations by completely utilizing funds through investment or payment to a loan. Your excess funds can be invested into an account that best fits your business' financial goals and risk adversity. On a daily basis subject to your Compensating Balance, your available collected balances will be swept into Night Shift Money Manager, Bank Repurchase Agreement, or to your Commercial Line of Credit. Interest earned in any investment sweep is calculated daily and is credited to one of your demand accounts on the last business day of the month. An earnings credit is offered on any collected balances left on deposit to offset charges and is competitively tiered based on the balance.

Mercantile Bancorp, Inc. is committed to serving the needs of our business customers and recognizing the challenges of effectively managing your operating cash.  This is why we are pleased to offer the Night Shift Money Manager!  It is designed to conveniently maximize the return on cash balances for all commercial accounts, including corporations, small businesses, public funds, and nonprofit organizations.

The cash sweep account uniquely combines a business checking account with the ease of automatically investing excess cash in an interest-bearing account.  You can maximize your revenue and enjoy everyday check writing without having to juggle balances between accounts.  With a Night Shift Money Manager, cash in excess of your target balance is automatically invested in a money market account that is FDIC-insured up to $100,000, ensuring competitive rates on all of your excess cash balances.

You concentrate on your business, and we'll concentrate on your cash management! Call us at 217-223-7300 or toll free at 800-405-6372, or email us to learn more.