Zero Balance Account

How can a Zero Balance Account help your business?

A Zero Balance Account can help minimize idle funds and administrative expenses normally associated with monitoring multiple accounts. This service is useful for companies with multiple locations and branches that have a need to maintain separate accounts for record keeping or audit purposes but want to automatically concentrate these funds at the end of the day.

Benefits of a ZBA Account

• Concentrate funds automatically at the end of the day
• Automate manual transfers to fund accounts
• View corporate liquidity as a single account; not multiple accounts
• Maintain separate deposit and payment records
• Avoid idle fund balances pending payment of checks
• Gather funds from multiple locations or branches

Features of a ZBA Account

• Target balance can be set at any amount, usually zero
• Multiple secondary accounts can tied to a primary funding account
• Detailed check and deposit records are available for each account
• Multiple tier account arrangements are available

How to get started

To take full advantage of the concentration of funds into a primary account through ZBA, you may also want to use our Automated Sweep to insure that idle balances are always fully invested.

• Establish a secondary account for your company’s stores, offices and locations that need the flexibility to make deposits and write checks
• Assign each secondary account a target balance
• Establish primary concentration account to pool funds
• At the end of the day, funds are swept into or out of the primary account based on each secondary account’s target level.