Information & Funds Management

Zero Balance Accounts

Zero Balance Accounts (ZBAs) help eliminate manual transfers of funds between accounts, reduce idle cash and prevent overdrafts. Funds are automatically transferred from a business master account into its ZBA account(s) to cover disbursements at the end of each business day. ZBAs simplify funds transfer activity, help maintain account autonomy and are useful for funding multiple disbursement accounts on an "as needed" basis.

Additionally, ZBAs can be used to automatically move deposits from one or more depository accounts into a related master account. This allows consolidation of all your company’s bank balances and the creation of one pool of funds, enabling you to determine your daily cash position and optimize investments.

ZBAs help businesses:

• Improve cash flow by eliminating idle balances
• Maintain control of multiple accounts by funding them through a single, centralized account
• Eliminate time spent on manually funding subsidiary accounts
• Save clerical time and expenses
• Maximize funds available for investment and minimize risk of overdrafts
• Invest excess funds in the central operating account to increase returns and maintain liquidity

Loan Sweep

A Loan Sweep account lets you automatically transfer predetermined funds between your deposit account and loan account, minimizing your interest expense by linking your deposit account and credit account/line of credit.

Outbound Data Services

Our Outbound Data Services provide automated, reliable and secure delivery of your account data. Get account activity and information automatically sent to you via secure file transfer protocol (SFTP) in a BAI2 file format or to another bank via SWIFT.

QuickBooks® Direct Connect

Direct Connect allows you to download account information into QuickBooks® in an efficient and effective manner:

• No manual data entry — upon setup, you can download transactions directly into QuickBooks®—instead of manual entries.
• Automatically reconcile data — data downloaded into Direct Connect includes complete transaction and balance information to make categorization and account reconciliation easy.
• No duplicate transactions — Direct Connect incorporates a transaction-matching algorithm that prevents the download of duplicate transactions.
• Easier to use — Direct Connect files are imported directly from your online banking account and can be automatically opened from within QuickBooks®, eliminating the need to manually import downloaded files.