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PUBLIC ENTITIES HAVE DIFFERENT NEEDS
Our experts specialize in working specifically with public funds. With a full line of products and services, we can help meet your needs.
Univest offers a variety of public funds checking accounts. Our experts will work with you to determine which account best meets your needs.
Money Market Account 1
A public funds money market account is designed for public entities that maintain higher balances and want to earn a premium rate on excess funds.
- Monthly minimum balance of $1,000
- Monthly service charge of $10 if balance requirements are not met
- No monthly service fees
- No per item fees
A public funds sweep account is designed for public entities that have account balances exceeding their daily operating expenses. This account can help maximize funds by automatically transferring excess monies from your public funds checking account into a securities account every night.
Univest offers an array of cash management products and services to public entities at special rates and discounts.
All Public Funds money is in compliance with Act 72.
1) Limited to six (6) withdrawals or transfers to another account or third-party by means of check, draft and debit card (including online or telephone transfers) within a statement period/cycle. Unlimited deposits and withdrawals at any Univest Financial Center.