Overnight Sweep Accounts
- Univest automatically “sweeps” your excess checking funds into higher paying, repurchase agreements on a daily basis.
- You can invest excess cash and have access to it at any time.
- You can combine balances from several checking accounts to help meet the threshold requirements to transfer money to the Repurchase Agreement.
- Your interest money will automatically be reinvested in your repurchase account.
- In addition to your regular business checking account statement, you will receive a detailed monthly statement of repurchase activity, including interest earned for easier reconciling and filing income taxes.
We invite you to discover the difference a OneOnOne™ business banking relationship can make for you and your business. To learn more, or to speak with your OneOnOne business banker, email, call 800.660.4276 or visit any one of our convenient Financial Service Centers located throughout Bucks and Montgomery Counties.