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Concentrate funds in a single account while benefiting from the flexibility of multiple disbursement accounts.
Zero Balance Accounts (ZBAs) provide an automated, efficient means of cash flow control between multiple disbursement accounts. ZBAs eliminate the need to maintain idle balances in disbursement accounts in anticipation of checks clearing. Funds transfer from a central account to the disbursement accounts to cover actual clearings.
The Advantages
Reduce Idle Balances: By reducing excess balances in multiple disbursement accounts, your company can direct your funds to more productive and profitable use.
Reduce Forecasting Errors: ZBAs eliminate the forecasting and funding guesswork for disbursement accounts. They help eliminate the risk of overdrafts.
Consolidate Deposits: Our ZBAs provide you with an efficient means of concentrating daily deposits into a central account.
Save Time: Because daily transfers between your central account and ZBA are automatic, time is saved by eliminating the need to continuously monitor balances and request manual funds transfers.
How it Works
1. Central Account: All funds are maintained in a master concentration account.
2. Disbursing Account: The disbursing account (ZBA) begins each day with a zero balance. As checks are presented for payment, a debit balance builds in each account.
3. Funding: At the close of business each day, an offsetting transaction is automatically generated, bringing the disbursing account back to a zero balance.
4. Reporting: Each ZBA and master account receives a detailed monthly statement identifying all daily transfer and disbursement activity.
Contact a Cash Manager
Return to Disbursement
Positive Pay
Direct Deposit
Corporate Totals
Zero Balance Account
Business Checking Account
Business Checking With Interest
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