Balance Concentration

Balance Concentration

A practice in which several companies use the same bank account. Balance concentration is intended to reduce the likelihood of an accidental overdraft from their separate accounts.
References in periodicals archive ?
The contracts represent a geographically diverse obligor base with California, the only state exceeding a 10% pool balance concentration.
BenefitStreet's 401(k)EarlyWarningSystem(TM) is a proven system used by employees and managers of 401(k) plans across the country to monitor investment balance concentrations.
States with balance concentrations in excess of 10% are Georgia (22%), Washington (21%), and Texas (14%).
States with balance concentrations in excess of 10% are: Tennessee (14% of the total loan pool), Arizona (11%), Texas (11%), and California (11%).