Automated Investment Sweep Account (AIA and REPO)

 

Automated Investment AIA (non-profit / government agencies) and Automated Investment Sweep REPO accounts are fully automated investment services.  Excess collected balances are invested into an overnight interest-bearing account (AIA) or an overnight repurchase agreement representing a securities participation in BancorpSouth-owned obligations of the U.S. Government (REPO).

 

BENEFITS:

  • Provides additional investment income
  • Increases control of idle bank balances
  • Funds remain liquid
  • Bank monitors account and automatically invests excess collected balances each day
  • Daily confirmation statements (REPO only)

 

 

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