Cash Management Services

Corporate Repurchase Sweep Account

ABC Bank’s Corporate Repurchase Sweep Account enables you to earn a competitive interest rate on idle checking balances – a smart, convenient short-term investment option for businesses. This arrangement links a Business Checking (Operating) account with a repurchase agreement sweep (Investment) account. Excess balances in the Operating account are “swept” into the Investment account daily. These investments are not FDIC insured but risk is limited as balances are collateralized by U.S. Government Agency securities.

Term Repurchase Agreement

We also offer Term Repurchase Agreements at competitive interest rates. These investments are not FDIC insured but risk is limited as balances are collateralized by U.S. Government Agency securities. Terms can be customized from 7 to 365 days or longer.

Lock Box Services

We provide Lock Box Services to our commercial customers to facilitate the processing of account receivables in a timely, secure and accurate manner. Converting receivables into cash quickly is vital to every cash manager. Our solution is easy to manage and cost effective.