Move funds automatically across borders between accounts 

Sweeping is an automated funds transfer for the concentration of balances belonging to a company or a group of companies, which regularly move funds between their own accounts. Sweeps can be executed between accounts within Nordea, cross-border and to accounts at other banks. 

On an agreed, regular basis, the balance or part of the sweep account balance is automatically swept to the concentration account. In the case of a negative balance, funds can automatically be topped from the concentration account to the sweep account.

Benefits of Sweeping 

  • Concentration of the group's cash balances

  • Reduction in the need for external financing

  • Automated solution set on your defined parameters

Learn more about Sweeping

Get in touch 

For more information about how we can support your business contact your Nordea adviser.