Zero Balance Accounts (ZBAs)

Maximize idle funds across multiple locations and accounts with the help of a zero balance account from STC Capital Bank. The right amount of funds are automatically transfered to each zero balance account in order to cover outgoing expenses, while any excess funds are automatically swept back to a central account.

Keeping track of multiple accounts has never been so easy. Each account receives its own statement — keeping your stores, regions, or product lines separate without having to dedicate time and effort to cash flow management.

Summary
  • Great solution for companies with multiple divisions, stores, or operating units
  • Consolidate multiple accounts into one:
  • Add simplicity to account management
  • Maintain predetermined balances in each account to cover expenses
  • Excess funds are swept into central account
  • Transactions flow through separate accounts for audit purposes, while balances are consolidated for funding
  • Eliminate multiple manual transfers between separate accounts
  • Receive separate statements for each account