#1
June 1st, 2016, 04:30 PM
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Bank Of America ZBA
Hello sir is there any one can provide me benefits of Zero balance account of bank of America?
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#2
June 1st, 2016, 05:14 PM
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Re: Bank Of America ZBA
In any bank ZBA is A checking account in which a balance of zero is maintained by automatically transferring funds from a master account in an amount only large enough to cover checks presented. In bank of America a zero balance account is a subsidiary account that is maintained at a specified balance and is electronically linked to master account. Full Analysis Business Checking is designed exclusively for businesses that: Maintain deposit balances of $60,000 Write more than 150 checks and deposit more than 200 checks per month Benefits of ZBA at bank of America: Statements on the master and subsidiary accounts provide detailed account transactions. Maximizes use of funds and increases funds control. Unlimited number of subsidiary accounts can be linked to a zero balance account master. A target balance other than zero may be established. Bank of America is offering these type of services also: Cash Management Tools Payroll Services Remote Deposit Account Permissions Bill Payment and ACH Invoicing Tax Services Health Savings Account |
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