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Funds Management

Zero/Target Balance Accounts

An effective way to disburse or concentrate funds using a system which automatically transfers funds between your Embassy Bank accounts each day.

  • Centralizes cash control in order to manage funds more efficiently.
  • Eliminates idle excess balances in remote accounts, freeing funds for investment.
  • Concentrates corporate deposits while allowing branch offices to make disbursements from local accounts.
  • Minimizes the potential for overdrafts.

Overnight Investment Sweep

Automatically transfers excess funds from your business’ checking account into an overnight investment account.

  • Efficiently maximize interest income.
  • Transform excess funds into working capital.
  • Insure funds are working 24 hours a day.
  • Daily, detailed confirmations.
  • Monthly statements provide activity recap.

Line of Credit Sweep

Automatically transfers excess funds from your business’ checking account to pay down your outstanding Line of Credit balance.

  • Minimizes interest expense.
  • Transforms excess funds into working capital.
  • Insures that funds are working 24 hours a day.
  • Monthly statements provide activity recap.

Combined Sweep

Automatically transfers excess funds from your business’ checking account to pay down your outstanding Line of Credit balance first. If the Line of Credit has no outstanding balance, then funds are swept overnight for Investment.

Contact Dave Arner, CTP, Vice President,
Commercial Services, at 484-821-1201.

Other Cash Management products from Embassy.
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Embassy Bank for the Lehigh Valley is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. NOW accounts that pay an interest rate of greater than .25% are not included in the TAGP and are therefore subject to the $250,000 limit for FDIC insurance purposes.