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 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
- Provides greater control and may enhance account reconciliation
For more information, please
contact an IBC representative or visit your nearest
IBC branch.
