Avoid idle balances and repetitive manual transfers by letting Webster manage your sub-accounts automatically via a Zero Balance Account (ZBA).
- Provides daily rebalancing
- Eliminates manual transfers
- Reduce idle balances
Take the hassle out of rebalancing your organization's sub-accounts, and automates the process. Webster's convenient Zero Balance Account transfers your funds for you, and keeps your sub-accounts at zero.
- A single concentration account that centralizes your funds
- A zero available balance for each sub-account every morning
- Regular transaction activity posted to sub-accounts, throughout the day, placing them in temporary excess or deficit positions
- Eliminates you initiating account-to-account transfers to manage your cash flow
- Automatic transfers to or from the concentration account at every close of business that restore sub-accounts to zero balance
Want to explore more? Experience Our Cash Management Services.