An INTRUST Zero Balance Account provides you with the ability to use several purpose
accounts – payroll, depository and expenses, for example – to consolidate the company's
cash into one primary account. As checks or deposits are presented, funds are automatically
transferred to or from the primary account to the purpose accounts. The purpose
accounts maintain a zero balance.
- Consolidate your company's cash into one primary account.
- Conduct transfers automatically.
- Simplify account reconciliation.
- Allow for separation of duties.
- Use in conjunction with a sweep account to maximize your invested funds.
ZBA Auto Allocation
INTRUST Bank's innovative ZBA auto allocation product is designed for companies
utilizing multiple ZBAs for individual corporate accounts. Funds from the ZBAs are
funneled to a master account which sweeps to an overnight repurchase agreement or
line of credit. ZBA auto allocation keeps a running “balance” for each account and
provides a report at the end of each period with beginning and ending balances for
each account.
Balance Allocation
- INTRUST auto allocation begins with a zero balance for each account at start up,
unless you specify a starting balance.
- Auto allocation accumulates actual debits and credits (excluding your ZBA transactions)
during each period for each account.
- Provides a beginning and ending balance for each account.
- Optional cost of funds feature. A cost of funds rate can be applied to the daily
balance in each account, which is then accrued to a monthly Charge or Earnings,
which is included on your monthly report.