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Zero Balance Accounts (ZBAs)

Maximize your use of funds and increase your account control.

 
 
 
  • Eliminate excess balances in sub accounts
  • Separate statements for easy account management
  • Maintain greater disbursement control and flexibility
  • A convenient way to enhance your cash flow

How an Island ZBA Works
A ZBA is a checking account designed to maintain a zero balance, even as checks and electronic payments are cleared against it. Funds are automatically transferred from an Analyzed Business Checking Account into the ZBA only when necessary to cover checks and electronic payments that have cleared. As long as the checking account is adequately funded, the possibility of overdrafts on the ZBA is eliminated.
 
More than one ZBA can be linked to an Analyzed Checking Account. Popular uses of ZBA accounts include: payroll, benefits, petty cash, lockbox collections and store locations from multiple locations.
 

Apply Now

Contact your Business Relationship Officer, local Branch Manager, or call (800) 293-6494, option 1

See Also
Consider an Analyzed Business Checking account if your business has heavy transaction activity or uses a broad range of Island services.
 
Put your excess cash to work earning interest while avoiding overdraft charges with a Sweep Account.

 

Terms & Conditions

Programs (including but not limited to fees, rates, and features) are subject to change without notice. After account is opened, dividend rate may change at North Island Credit Union's discretion. Fees may reduce earnings.