Additional services to optimize Cash Management
Trustmark offers you additional cash management services to help improve your bottom line.
Explore our services:
A free benefit for employees
Trustmark’s Bank-At-Work program is an employee benefit that is offered at no cost to you or your employees. It provides eligible employees a direct deposit checking account of their choosing along with other discounted premium banking services.
Benefits (for employees):
- $25 direct deposit credit to a personal checking account
- Unlimited check writing
- Free ExpressCheck™ ATM/Debit card
- Free initial order of Trustmark corporate-image checks
- Free Online Banking and Bill Pay through myTrustmark℠
Credit Card Services
- Mortgage loan closing-cost discount of up to $100
Installment Loan Offer
- Discount on installment loan rates for loans of $1,000 or more with an automatic draft for payment from a Trustmark checking account
Direct Deposit required. Miscellaneous service fees such as dormant fees, non-sufficient funds/overdraft fees, and certain ATM transaction fees may apply. No minimum balance required. Subject to credit approval. All benefits listed are subject to change at any time without notice.
Account terms are not guaranteed for any period of time. All terms, including fees and APR's for new transactions, may change in accordance with the Credit Card Agreement and applicable law based on information in your credit report, market conditions, business strategies, or for any reason.
The following discounts apply to new installment loans of $5,000 or more (except on Real Estate, Automobile, Savings, and CD-secured loans): Auto Debit Discount (-0.25%), Umbrella Checking Discount (-0.25%), Relationship Banking Discount (-0.25%), Auto Debit + Umbrella Checking Discount (-0.50%), Auto Debit + Relationship Banking Discount (-0.50%). For Real Estate-secured loans, the loan processing fee is refunded with an auto debit from a Trustmark account.
Automate funds transfers between accounts
Automatically transfer funds between your business deposit accounts, lines of credit, and investment accounts with our Sweep Services. It works to minimize the interest you pay, maximize the interest you earn, and provide worry-free account management.
Zero Balance Account (ZBA) Sweep
When funds are needed in sub accounts, Trustmark's ZBA sweep will initiate an automatic transfer to fund the account(s). If excess funds are available in sub accounts, an automatic transfer will be initiated to transfer funds back to the master account.
Maximize your company’s interest income with Trustmark’s Investment Sweep product, used to automatically move excess funds from your company’s checking account(s) to your choice of available investment options. You can choose from multiple Money Market Mutual Funds or an Overnight Repurchase Agreement. Each of these short-term investments allows you to maximize your interest income while minimizing the time you spend investing your company’s excess cash.
Line of Credit Sweep
Minimize the interest your company pays on its revolving line of credit by letting Trustmark move excess funds from your company’s checking account to automatically pay down your line of credit. When you need funds in your checking account, Trustmark will automatically advance funds, up to your available limit, to cover your disbursements and restore your target balance. No more worries about funding decisions, and we never advance more than you need.
Trustmark can combine the best of both worlds — borrowing and investing — by integrating your revolving line of credit with your investment vehicle of choice to automatically manage your checking account. By doing so, you are ensuring that your dollars are working for you all the time, minimizing the interest you pay using the Line of Credit Sweep and maximizing the interest you earn through the Investment Sweep.
- Save time from making funding decisions by allowing Trustmark to tie your checking account(s) to your line of credit and/or investment account
- Reduce costs by reducing interest paid and overdraft fees, and increase interest earned on excess funds
- Complete automation of fund transfers, allowing Trustmark to do the work
- Minimize funding errors by directly associating your accounts together with Trustmark’s Sweep Services