Starting the first business day after your SEI Cash Access Account (CAA) is opened, and subsequently on the 20th day of each month (or the first business day thereafter), funds will automatically be transferred to or from your CAA according to your instructions provided on the deposit account application.
The Target Minimum Balance is the lowest amount you would like available in the CAA after the monthly sweep. If your CAA balance is less than your Target Minimum amount, we will sweep funds from your linked SPTC account to your CAA to bring your CAA balance up to this minimum.
The Target Maximum Balance is the highest amount you would like available in your CAA after the monthly sweep. If your CAA balance is more than your Target Maximum amount, we will sweep funds from your CAA to your linked SPTC account to bring the CAA balance down to that maximum.
Note, initial account funding will take place even if a check is sent in for deposit at the time of application.