Business

An effective business bank account is one that ensures your money is safe while balancing that security with readily available cash funds and a smooth banking experience. Naturally, there’s a lot of work that has to happen behind the scenes in order for a checking account to check all the right boxes. A sweep network is just one example of this system at play.

The financial health of your bank is as important as the money you put into it. So what does financial health look like in the context of a bank, and how do you determine if a bank is healthy?All U.S. banks are regulated and required to submit their financials and industry-standardized health metrics to the FDIC, even if they’re not publicly traded. Banks are also regularly audited by regulators to ensure accuracy.