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Initial Account Funding/Sweeps

On the first business day after an account is opened, we will initially fund the CAA checking account from the linked SPTC account.  The transfer amount is the same amount indicated as the Target Minimum on the CAA application.  Initial account funding will take place even if a check is sent in for deposit.

On the 20th of each month (or the first business day thereafter) funds will automatically be transferred to or from the SEI Cash Access Checking Account according to the instructions as set forth on the CAA application’s target minimum and target maximum.