Zero Balance Accounts (ZBA)

Manage separate bank accounts for each of your company’s locations or for various accounting purposes. Century Bank's Zero Balance Account (ZBA) allows independent operating accounts to be funded from, or concentrated to, a single account. Our ZBA structure gives you improved control over disbursements, collections and cash flow.

How does it work?

When you establish your ZBA, you create an automated disbursement or cash concentration system while maintaining separate disbursement and depository functions on each sub-account.

A ZBA can reduce bank fees by eliminating repetitive, and costly, funds transfers. This structure also minimizes idle cash in multiple checking accounts and concentrates cash for improved funds usage. You can also eliminate the manual tasks of monitoring and transferring account balances.

For more information on Century Bank's Zero Balance Account contact Mary Ouellette or call (941) 316-6916.