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Tips to Protect Yourself from Common Financial Scams

Univest, as with most financial institutions, continues to see a significant increase in fraud attempts. Based on cases Univest has investigated and reports from our customers, some common scams have emerged stolen/altered checks as well as fraudulent emails, phone calls and texts. Below is important information and tips to help protect you from becoming a victim.

Mail Theft/Altered Checks:

Financial institutions in the greater Philadelphia region, and throughout the country, have seen a significant spike in checks stolen through the mail and subsequently altered and presented for payment. Often, consumers and…

Covenants Explained: What They Mean and Why Your Bank Requires Them

Required financial covenant – the term often solicits groans from business owners, financial executives, and accountants alike when talking with commercial bankers about the structure of their debt facilities. While many borrowers have financial covenants, not every banker explains why they are implemented. At Univest Bank and Trust Co., our job is to help you manage your financing and treasury needs.  We also want you to understand the reasons behind how banks structure your loans.

Why have a financial covenant?

Financial covenants are not implemented to make doing business more difficult…

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