UNIVEST BANK AND TRUST CO. BECOMES ONE OF FIRST PHILADELPHIA AREA COMMUNITY BANKS TO OFFER REMOTE DEPOSIT FOR CONSUMERS

Univest also launched new checking accounts featuring online banking and bill payment, mobile banking, optional

e-Statements, person-to-person fund transfers and more



SOUDERTON, Pa., October 15, 2012-- Univest Bank and Trust Co., the banking subsidiary of Univest Corporation of Pennsylvania (listed on NASDAQ: UVSP), today introduced Remote Deposit Anywhere, a service that enables customers to deposit checks from an Apple iPhone 4 or higher. Univest is among the first community banks in the Philadelphia area to offer consumers the ability to remotely deposit checks. The service is free to holders of Univest personal checking accounts.

 

With Remote Deposit Anywhere, personal account holders simply download a new Univest  app on their iPhone, select the "Deposits" icon and take a picture of the front  and endorsed back of the check. Customers then enter the check amount and  select the Univest account for deposit. An e-mail is sent to the account holder when the deposit has been approved, usually within minutes. To watch a 'how to' video on Remote Deposit Anywhere, consumers are invited to go to the Univest website.

 

"Univest is bringing new financial solutions to our customers using the latest technologies," said Lou Spinelli, executive vice president of Univest Bank and Trust Co. "Increasingly, many customers are comfortable using computers, iPads and iPhones to do their banking. Our remote deposit service and other products we are introducing today not only make banking more convenient - but many of the services are free, too."

 

New checking accounts with free features

Univest also recently introduced two new checking accounts - the Univest Gold account and the Univest Blue account - that include a number of free convenience features including:

  • online banking and bill payment
  • mobile banking
  • direct deposit
  • optional e-Statements
  • QuickView e-mails, which provide a snapshot of the account holder's account activity daily, weekly or whenever the account holder specifies
  • person-to-person fund transfers to anyone, anywhere in the United States, anytime
  • a Univest debit card

The Univest Gold account is designed for customers who maintain higher balances in a variety of Univest accounts or services and want additional benefits, including earning interest on their funds. Univest Gold account holders have nationwide surcharge-free ATM usage at all Univest and Allpoint Network ATMs. Customers also are provided $10 overdraft forgiveness and a courtesy overdraft limit of
$1,250.

 

The Univest Blue account requires a minimum deposit of $50 at account opening, but no ongoing minimum balance is required. There are no monthly service fees, and Univest provides a courtesy overdraft limit of $750.

 

Chance to win a $500 Apple gift card

As part of the launch of the two new checking accounts, Univest is offering a chance to win a $500 Apple gift card. When customers use their Univest debit card between October 1 and November 16, 2012, they'll be entered in a sweepstakes for a $500 gift card that they can use toward the purchase of an iPod, iPad, MacBook, iPhone 5 or other Apple product. Five, $500 gift card winners will be randomly selected from all entries. No purchase necessary to enter.  For complete contest rules, visit the Univest website.

 

More information on Univest Bank and Trust Co.'s new solutions can be found at www.univest.net.  Univest Bank and Trust Co. is Member FDIC.

 

About Univest Corporation
Headquartered in Souderton, Pa., Univest Corporation of Pennsylvania (www.univest.net) and its subsidiaries serve the financial needs of residents, businesses, and nonprofit organizations in Bucks, Chester, Montgomery and Lehigh counties. For more information on Univest Corporation of Pennsylvania and its subsidiaries, please visit www.univest.net.

This press release of Univest Corporation and the reports Univest Corporation files with the Securities and Exchange Commission often contain "forward-looking statements" relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of Univest Corporation. These forward-looking statements involve certain risks and uncertainties. There are a number of important factors that could cause Univest Corporation's future results to differ materially from historical performance or projected performance. These factors include, but are not limited to: (1) a significant increase in competitive pressures among financial institutions; (2) changes in the interest rate environment that may reduce net interest margins; (3) changes in prepayment speeds, loan sale volumes, charge-offs and loan loss provisions; (4) general economic conditions; (5) legislative or regulatory changes that may adversely affect the businesses in which Univest Corporation is engaged; (6) technological issues which may adversely affect Univest Corporation's financial operations or customers; (7) changes in the securities markets or (8) risk factors mentioned in the reports and registration statements Univest Corporation files with the Securities and Exchange Commission. Univest Corporation undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.