Timing of Cash Account Sweeps

Issues and Potential Errors

Last Post by Stuart Matthews 2 years ago

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Brad Dawkins

(@yankeelaker)

Eminent Member Customer

Joined: 2 years ago

Posts: 26

Topic starter March 3, 2024 6:42 pm

@Stuart Matthews I just want to be sure I understand how sweeps from the cash account works. I assume that they only happen once a year, after all of the year's inflows and outflows have been accounted for. At that point, if there is money in the Cash Account that exceeds the ceiling, that excess is swept at that time to the Regular Account. Is that correct?

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Brad Dawkins

(@yankeelaker)

Eminent Member Customer

Joined: 2 years ago

Posts: 26

Topic starter March 6, 2024 5:04 pm

I meant to address this to @smatthews51....

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Stuart Matthews

(@smatthews51)

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Joined: 5 years ago

Posts: 1121

March 10, 2024 7:39 am

@yankeelaker Yes, that's correct.

Stuart

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