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Commercial Sweep Account
This combination checking account and interest– bearing repurchase agreement
maximizes your investment dollars. The checking account maintains a target
balance of $25,000. Each day, after all of your checks, ATM transactions, and
debit card purchases have cleared, excess funds are transferred to the interest
repurchase agreement and invested nightly.
Account Benefits:
• Automatic transfer of funds with no customer intervention
• No need for constant account monitoring
• Excess cash invested nightly
• Monthly combined statements with your imaged checks
• Funds collateralized by government securities
• Unlimited check writing
• 24-hour access
• Free business check card for purchases and withdrawals
Helping You Manage Your Cash
In addition to the cash management services, we offer:
Zero Balance Accounts: Ideal for managing multiple accounts for one
organization.
Analysis Accounts: Earn interest credit to offset
monthly maintenance charges.
Escrow Accounts: Allows customer to maintain
multiple escrow accounts through one master account.
Remote Deposit: Make deposits by scanning checks at
your workplace.
Positive Pay: Ideal way to protect your business
from check fraud.
Interest On Lawyer Trust Accounts (IOLTA): A great
choice for attorneys or law firms licensed in Pennsylvania
THIS DOES NOT GET FDIC on this page. These accounts ARE NOT FDIC insured.
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©2007 Conestoga Bank • MEMBER FDIC • EQUAL HOUSING LENDER
PRIVACY POLICY |
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