Zero Balance Accounts

With a Zero Balance Account (ZBA) from IBC Bank, your company can link one or more subsidiary accounts to a master funding account, allowing you to gain greater control over the use of your funds.

Features

• Multiple zero-balance accounts can be tied to a single master funding account.
• The ZBA relationship can be simple or complex by requiring only two accounts (a master funding/operating account and a zero balance account) or as many subsidiary accounts as needed by your business operation.
• The master account automatically transfers funds to the subsidiary accounts whenever needed to make a payment and pulls the funds back when there are excess funds in the subsidiary accounts.

Benefits

• Provides the ability to aggregate funds from several accounts to facilitate other business needs, such as investments and debt management
• It provides greater control and may enhance account reconciliation

For more information, please get in touch with an IBC representative or visit your nearest IBC branch