# Sweep account

- Canonical URL: https://www.gerhardmerk.de/sweep-account-2
- Post ID: 7850
- Modified: 2023-07-25T21:12:40+00:00
- Language: en

## Definition

Two accounts maintained at the same bank, of which - one is interest-bearing and the amounts in it are intended for longer-term investment; - the other account, on the other hand, is used for daily monetary transactions (a combination of two accounts at the same bank; this is useful in managing a steady cash flow between a cash account used to make scheduled payments, and an investment account where the cash is able to accrue a higher return). Some banks and also credit card companies now offer transfer accounts to private customers and small businesses. - See account, automatically balanced, account balance adjustment, automatic. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1