OUR CUSTOMERS
BSM Customers
Bank Sweep Manager’s BSM product has been used by over 400 community banks in 39 states to keep their sweeps on their balance sheet.
Those customer banks range in size from as small as $16 million to as large as $15 billion. They represent thousands of accounts with collective balances in excess of $8 billion dollars -- managed every day in a matter of minutes by BSM.
Our community bank customers enjoy a margin on average of 150-350 basis points by using BSM, as opposed to sweeping those funds to third-party money market or brokerage firms for 25-35 basis points.
The primary reasons our customers purchase BSM include:
- Complete turnkey in-house sweep solution
- Compliance and successful track record in audits and regulatory reviews
- Enhanced profitability
- Competitive necessity
- Lowers cost of funds
- New fee income
- Customer retention
Please read what our customers have to say, or contact us to arrange a call based on your needs and criteria.