Sweep accounts allow businesses to get higher returns on cash that might otherwise be in checking accounts. HerMes Sweep accounts require you to maintain a minimum balance. We will then “sweep” the account (usually daily) and remove any funds in excess of the balance minimum.

These funds are automatically invested in an account you select. When your checking account drops below its required balance, we then automatically “sweep” back enough cash to bring your account up to its required minimum balance.

Benefits of maintaining a sweep account includes:

• Ability to invest smaller amounts of funds on a regular basis
• HerMes Sweep Account is convenient because extra funds are automatically moved into an investment account without requiring you to make the transfer yourself
• Liquidity as you are offered same-day access to the invested funds
• Access to a variety of investment instruments to select from
• Benefit of earning returns from your funds
• This service is free

Because most SMEs don’t have the time or capital to reap the benefits of more profitable investments, sweep accounts make a lot of sense

• All SME clients are eligible

• Must be an accountholder
• Must meet the Terms & Conditions
• Fill out a form placing instructions on the account

• No limit on number of transactions

• No monthly service charge

• Free monthly e-statements

• Competitive and tiered interest is paid based on account balance (minimum balance to earn interest is GHS200.00)

• Free sign on to CalNet, HerMes Online Services (HerMes App & *771#), HerMes E-Alerts.

• Access to E-Zwich Cards

• Students will also have the flexibility of converting the account to a liability product of choice after school

• All Tertiary Students from the age of 18years and above

• Must be enrolled in a tertiary or higher education institution

• Student ID Card or a copy of Student admission letter

• Initial deposit is GHS20.00

• Account can be opened instantly and operated without coming to the banking halls

• Multiple outlets to perform the needed transactions. (Online, HerMes Branches & all Visa and Gh-Link branded ATMs and POS)

• Easy access to funds via HerMes Payment Solutions; HerMes Mobile Banking (HerMes App & *771#), CalNet, Agent Banking, POS and ATM services