Zero Balance Account - ZBA

What is a 'Zero Balance Account - ZBA'

A zero balance account (ZBA) is a checking account in which a balance of zero is maintained by automatically transferring funds from a master account in an amount only large enough to cover checks presented.

BREAKING DOWN 'Zero Balance Account - ZBA'

A zero balance account is used by corporations to eliminate excess balances in separate accounts and maintain greater control over disbursements.

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