Business Banking
Business Banking

Sweep Repurchase Agreement

This treasury management service is targeted for larger balance business customers to allow them to earn interest on excess balances in their business checking account analysis account.

Union's Treasury Management staff will set a target balance in the business's operating account. Each day, funds in excess of the target balance are transferred from the operating account to the repurchase account.

Sweep Repurchase Agreements:

  • Pay and post interest daily
  • Are not FDIC insured
  • Post confirmation notices regarding investment activity
  • Have a monthly fee
  • Have tiered rates
  • Save money with a target balance that can be set to ensure that service charges are kept to a minimum

Eliminate time-consuming responsibilities of managing checking and investment funds; let Union help.

Getting Started

Your local Union branch or your relationship manager can assist you in setting up a Sweep Repurchase Agreement. If you have questions or would like more information, email us at

Union Bank & Trust
Mailing Address:
P.O. Box 940
Ruther Glen, VA 22546