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June 1st, 2016, 05:14 PM
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Join Date: Mar 2012
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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