Zero Balance Accounts

A Better Way to Keep Your Money Working

Zero Balance Accounts (ZBAs) are designed to help you eliminate manual transfers of funds between accounts, reduce idle cash and prevent overdrafts.

At the end of each business day, First Citizens automatically transfers funds from your master account into another account(s) in the exact amount(s) needed to cover your disbursements. ZBAs simplify funds transfer activity and help you maintain account autonomy. They're especially useful for funding multiple disbursement accounts on an "as needed" basis.

ZBAs may also be used to automatically move deposits from one or more depository accounts into a related master account.

ZBAs allow you to consolidate all of your company's bank balances and create one pool of funds from which to determine your daily cash position and optimize investments.

The Benefits are Significant

• Eliminate idle balances in disbursement accounts to increase investment income or reduce borrowing costs.
• Maintain separate bank accounts for internal auditing purposes.
• Eliminate the need to initiate manual transfers.
• Prevent overdrafts and related costs.
• Reduce administrative time and effort in monitoring daily cash positions.