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.
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.