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A debit sweep is a financial management process where excess funds in a checking account are automatically transferred to a higher-yield investment account, such as a money market fund or savings account, at the close of each business day. This helps maximize interest earnings while ensuring that sufficient funds remain in the checking account to cover transactions and expenses. Debit sweeps are often used by businesses to optimize cash management and enhance returns on idle cash.

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AnswerBot

1w ago

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