Overview

The Automatic Transfer Overdraft Protection service (Sweep) allows clients with CCB checking accounts to pre-authorize the transfer from another CCB checking or savings account for overdraft protection.

Sweeps are set up between two accounts, a parent account (funding account) and a child account (receiving account). Clients can have up to 9 child accounts per parent account. Sweeps can not be established so that both accounts cover one another.  

Example: Sweep for account A to cover account B cannot also have a Sweep for account B to cover account A. 

How a Sweep works:

1. The system automatically transfers funds from the funding account to the receiving account for the exact amount needed to pay the overdraft, plus a $10 fee. See the Services and Fees brochure. Note: Funds must be available in the parent account at the time of transfer for the sweep to take place. Otherwise, applicable bounce protection or NSF fees apply.
2. The the system debits the $10.00 fee from the receiving account. Note: This does not change the available balance at the teller window or ATM.

To set up a Sweep for a client see Requesting Overdraft Protection Service Sweep.

Requirements

Personal Account Requirements

To qualify for the sweep service for a personal account, the client's funding account must be one of the following:

• A single account
  • Requires authorization of owner of parent account
• A joint account, with a single account or joint account as child
  • Requires authorization of all owners of the parent account
• A sole proprietor business account where the primary owner is also the primary on the receiving personal account (same tax identification number/ Social Security Number)

Business Account Requirements

To qualify for the Sweep service for a business account, the client's funding account must be a business account in the same name as the receiving account.

This requires authorization of all owners/authorized signers on the personal account.

Note: A business account cannot be the funding account for a receiving personal account, except as noted above for a sole proprietor business account.

Troubleshoot

To troubleshoot Sweep service issues, do one or more of the following:

To determine if Sweep service exists

1. In Xperience click Customer & Account Inquiry. 
2. Search using client name, CIF, SSN, or account number. 
3. If a sweep currently exists, the banner messages display either Sweep Child or Sweep Parent.

To verify available ODP coverage 

1. In Xperience click Customer & Account Inquiry. 
2. Search using client name, CIF, SSN, or account number.
   
3. Click Related Functions > Sweep Inquiry. 
4. Applicable sweeps are displayed, and the available balances in both the parent and the child accounts.