Zero Balance Accounts
Bank
of Albuquerque's Zero-Balance Account (ZBA) service eliminates the need
to monitor and manually transfer funds for your company's collection
or disbursement accounts.
A zero balance is maintained through an automatic transfer
between an account your company designates as its master account,
and the collection or disbursement account after checks and deposits
have been posted. The transfer amount will correspond with the net
amount of activity, resulting in a zero balance on the collection
or disbursement account. A network of these accounts may be associated
with the master account, allowing the cash manager to effectively
fund or concentrate funds through one master account.
Benefits
- The Zero-Balance Account
system enables the cash manager maximum control over balances
and funding.
- Zero-Balance Account
detail information may be accessed on a daily basis through Bank of Albuquerque's
NetConnect system.
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