Automatically Combine Funds
Consolidating funds to maximize cash flow.
Webster Bank’s Zero Balance Account allows you to take control of your cash by automatically consolidating funds from multiple business accounts into one master account at the end of each day.
Zero Balance Account
If you’re looking for a better way to manage several business accounts, Webster’s Zero Balance Account is an effective solution. You’ll be able to concentrate excess funds so you can improve cash flow, simplify oversight, and gain greater control over collections and payments.
Zero Balance Accounts Benefits
Increase Earning Potential
You designate subsidiary accounts to link to a master account where all your funds are consolidated. Subsidiary accounts allow different types of transactions to be segregated and easily tracked by purpose (payroll, operating, vendor invoices and payments, satellite office locations, etc.).
Each subsidiary account has a target balance of zero, although you may opt to set a higher target balance. At the end of each business day, funds are automatically transferred from the master account to each sub account, to pay presented items. Any excess funds in the sub accounts above the target are moved back to the master account. By eliminating excess balances in the sub accounts, your master account is in position to reach maximum earning potential.
Ready to find customized commercial treasury management products to maximize your business’s efficiency and productivity? Contact us today.
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