Zero Balance Account

The Zero Balance Account (ZBA) provides customers with an efficient, centralized use of available funds for investment purposes while maintaining multiple disbursement accounts at either a zero balance or other pre-determined target balance.

How ZBA Works

Zero Balance Accounts also provide convenience for business owners by offering separate payroll or processing accounts. With our ZBA, the bank will automatically maintain an agreed upon pre-determined balance in your account. The accounts are linked to a funding account or the primary checking account, which will transfer funds in and out of the ZBA nightly based upon the ending daily balance.

Features and Benefits

• Control over deposits and disbursements for various company branches or specialized functions
• Centralized cash control while allowing for multiple disbursement options
• Automatic transfer of funds between accounts
• Consolidate funds for investment or debt reduction purposes
• Reduces the occurrence of overdrafts
• Can be used in conjunction with the Investment Sweep/Repurchase Agreement

For more information, call our Trusted Industry Experts at (847) 304-5940 or email service@mymanagementadvantage.com