Master account

A bank account used in cash concentration to fund zero balance accounts automatically.

More specifically an account in a cash pooling structure used to fund zero/target/threshold balance accounts automatically or concentrate funds from participating accounts automatically.

The master account may be interest-bearing.

Also known as central account or concentration account.

See also

• Account
• Cash concentration
• Cash pool
• Intervention account
• Legal implications of cash pooling structures
• Zero balance account