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Integra Bank's Automatic Sweep Investment is a service that automatically invests excess, daily collected balances in overnight repurchase agreements (Repos). The next day the funds necessary to cover any checks are automatically deposited back into the account. This service enhances return on investment and minimizes the need to track and transfer investment funds manually.
Excess balances are defined as the collected funds above the minimum target collected balance. This target balance is the average collected balance required to offset monthly service fees.