Zero Balance Account (ZBA) Services
First Independence Bank’s Zero Balance Account is a checking account in which a balance of zero is maintained by automatically transferring funds from a master account in an amount only large enough to cover checks presented in a disbursement account. A Zero Balance Account is used by corporations to eliminate excess balances in separate accounts and maintain greater control over disbursement.
- Excess funds in the master account can be invested to increase returns and maintain liquidity
- Maximizes funds available for investment and minimizes risk of overdraft fees
- Eliminates the need for anticipatory funding of disbursement accounts
- Reduces the time and effort needed to reconcile multiple operating accounts
Have questions? We’re available to serve you. Contact a treasury management team member today (313) 256-8400, or Email Us to request information.