Sweep transfers are primarily associated with which users?

• A. They involve no thresholds
• B. They occur in the morning only
• C. They are designed for consumer use
• D. They are primarily used by large businesses and government agencies with several accounts

Answer: (D)

Sweep transfers automate cash management by moving funds between a set of accounts to concentrate cash in a central operating account or to distribute excess cash to maintain target balances. This helps organizations optimize liquidity, reduce idle cash, and improve treasury control. Because it requires coordinating many accounts, rules, and trigger thresholds across accounts, the feature is most valuable to entities with complex banking needs. Large businesses and government agencies with several accounts fit that profile, whereas individual consumers typically don’t operate sweep arrangements. They aren’t defined by occurring only in the morning, nor are they about having no thresholds—the transfers are usually driven by balance targets or thresholds and can be scheduled or triggered as needed.