Zero Balance Account (ZBA)

You can pool cash in a central master account while simultaneously isolating the cash inflows and outflows of your operating subsidiaries and divisions. The object of a zero balance account is to centralize balances that would otherwise remain idle in operational accounts. Balances are automatically maintained at a preset amount by an internal transfer of funds to or from a master account at the close of each business day.

BENEFITS:

• Eliminates manual internal transfers
• Reduces idle cash in various accounts
• Provides a clear audit trail
• Provides a central pool of funds to improve investment opportunities