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Zero Balance Account
(redirected from Zero Balance Accounts)

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Zero Balance Account
An account that maintains no funds in it because the account holder transfers only enough funds into it to cover checks written on it. A zero balance account exists so companies can prevent excessive balances on accounts and more effectively control how they distribute funds.


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You need to transfer or change it to zero balance accounts to avoid higher rates of interest.
With this option, the company's central accounting department sets up zero balance accounts at its subsidiaries.
Pricing information is available for services related to commercial checking accounts, cash services, zero balance accounts, automated clearing house (ACH), account reconciliation, controlled disbursement accounts, sweep accounts, information reporting, imaging services and wholesale lockbox.
 
 
 
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