Sweep Accounts

Luzerne Bank offers various options in terms of sweep accounts. Talk to a cash management specialist for additional information.

Zero Balance Account – Zero Balance Accounts can benefit businesses that maintain separate accounts for accounting purposes, but do not want to maintain balances in every account. 

Repo Sweep Account – Like two accounts in one. The base account works exactly like a regular business checking account; the REPO account acts just like an interest-paying liquid investment.

Line of Credit Sweep Account – This account provides for better cash management and saves money by reducing interest charges and eliminates manual funds transfers to/from the line of credit.