BB&T Zero Balance Account service is designed for companies that maintain a general operating account and separate accounts for payroll, petty cash, or other purposes. With Zero Balance Accounts (ZBAs) in place, all of the company's funds are concentrated into one operating account. Disbursements are made from subsidiary accounts, which always maintain a zero balance. This account system allows the company increased investment opportunities and reduces administrative expenses.

How it Works

All funds are deposited into a central operating account
Subsidiary accounts to handle payroll, petty cash or other similar needs always maintain a zero balance
Each day, the total for all checks presented against each ZBA is offset by a debit to the central operating account
Transfers from the central operating account to the subsidiary ZBAs are cross-referenced by account number on the bank statement
Deposits accidentally made to your ZBA accounts will be automatically transferred to the main account

Key Benefits

Eliminates time spent on manually funding subsidiary accounts
Eliminates the need to track balance levels and funding requirements
Saves clerical time and expenses
Maximizes funds available for investment and minimizes risk of overdraft fees
Permits easy tracking of transfers and reconciliation through cross-referencing account numbers on bank statements
Excess funds in the central operating account can be invested to increase returns and maintain liquidity