Simplified Cash Management
Zero Balance Accounts
Sanson Royal Capitol Zero Balance Accounts let your company simplify concentration of funds, by automatically consolidating your cash every day into a single concentration account that you designate.
Help Reduce Risk and Save Time
With Zero Balance Accounts, you can:
- Save time and effort, by eliminating manual transfers between accounts
- Reduce idle balances, by consolidating deposits to a concentration account.
- Lower your risk of account overdrafts through automated transfers, to maintain the pre-established target balance.
Gain Automated Funds Concentration
You can maintain any number of collection and disbursement Zero Balance Accounts. At the end of each business day, each account is analyzed to determine if it has a positive or negative ending balance. Funds are then moved to and from the concentration account automatically, to maintain the pre-established target balances in all of your designated accounts
Consolidate Your Cash Resources
Zero Balance Accounts minimize excess balances in any of your accounts, by reducing idle balances. It’s simplified fund consolidation that automates your corporate cash flow.
1. This functionality is based on the National Automated Clearinghouse Association (NACHA) 2017 rule adopting Same Day ACH Origination Solution as amended in 2020. Requires enrollment in Business Online Banking. Some products and services may be subject to prior approval or fees. Refer to disclosures provided at account opening, the Business Schedule of Fees, and Pro Forma for additional information