%%Top 5%% Deposit Sweep Considerations

Gain Access to Granular Balance Data

Granular, program-level data is essential for sponsor banks managing fintech deposits. It enables accurate reporting, supports FDIC pass-through insurance requirements, and provides the visibility to make informed liquidity and risk decisions across deposit programs.

Plan for Operational Scalability

As your fintech programs expand, your sweep provider should support multi-program operations seamlessly. Automation can reduce manual work and improve accuracy—but if you plan to manage operations in-house, be sure to allocate resources accordingly to handle the complexity.

Evaluate Yield Structure for Market Competitiveness

A competitive yield structure allows you to share economics with fintech partners—helping attract and retain high-quality fintech partners. If that’s your strategy, ensure your sweep provider offers strong, transparent rates so you can remain flexible and competitive.

Align Sweep Design with Asset-Liability Committee (ALCO) and Balance Sheet Goals

Sweep networks should support ALCO strategy by helping you manage liquidity, capital ratios, and deposit volatility with precision. Automated reporting and predictable, segmented flows give you better control over complex fintech balances—helping support internal compliance while reducing operational strain.

Source Reliable Partners with a Proven Track Record

Your sweep provider should have a strong track record in supporting sponsor banks and be responsive in a fast-paced, highly regulated space. Ask for case studies and testimonials. Do they serve a meaningful segment of the sponsor bank market, and can they support your specific needs with speed and transparency?