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Zero-Balance Account

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Zero-balance account (ZBA)
A checking account in which zero balance is maintained by transfers of funds from a master account in an amount only large enough to cover checks presented.

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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Now all of the Bank's Current, Savings, Savings Plus and Call Account holders enjoy zero-balance accounts that provide them with the same benefits as before.
Amount Owed The part that includes the amounts you owe will include how frequently you pay down your credit, how much of your revolving credit lines you''ve used, and the total number of zero-balance accounts.
Or, the customer may select a zero-balance account, which automatically consolidates funds from several accounts into one account.
 
 
 
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