Zero Balance Accounts
With this service, having nothing in your account is a GOOD thing.
Simplify your cash management by consolidating multiple account balances with our Zero Balance Account (ZBA).
Here's how it works: no matter how many accounts you have, we maintain your entire balance in one central account. At the end of each business day, we automatically move any funds deposited back into that central account, keeping your other accounts empty.
This is ideal for customers who wish to segregate multiple checking accounts (e.g. payroll, receipts, accounts payable, etc.) but want to manage their funds in one central account. It also helps you identify excess cash available for debt service and short-term investments.
- Maximizes earnings
- Improves funds control
- Improves accounting and audit control
- Transfers idle balances automatically
- Low monthly fee
- FDIC Insurance
ZBAs receive a separate statement and are a part of an account analysis relationship.