Treasury Management Services

Zero Balance Accounts (ZBA)

How it works
  1. With your Compass commercial checking account as the master (parent) account, you can establish any number of commercial accounts (sub-accounts).
  2. These sub-accounts can then receive deposits from each of your company locations, or they can disburse funds for your multiple accounting purposes.
  3. At the end of the day, Compass automatically transfers the excess balances in each sub-account to the parent account, or transfers funds from the parent account to each sub-account to cover the items presented that day.
  4. Your sub-accounts close out each day with a zero balance.
  5. For each sub-account you receive a monthly statement that provides detailed transactions (including ZBA transfers) for use as an audit trail.
  6. Float in the sub-account is transferred along with the funds moved to the master account.

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