Difference between revisions of "Zero balance account"

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(ZBA).  
 
(ZBA).  
  
A disbursement bank account on which cheques are written even though the balances in the accounts are maintained at zero.  
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A disbursement bank account from which payments are made, even though the balances in the accounts are maintained at zero.  
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Debits are covered by a transfer of funds from a master account at the same bank.
 
Debits are covered by a transfer of funds from a master account at the same bank.
  
  
 
== See also ==
 
== See also ==
* [[Master account]]
 
 
* [[CertICM]]
 
* [[CertICM]]
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* [[Master account]]
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[[Category:Cash_management]]
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[[Category:Financial_products_and_markets]]

Latest revision as of 08:46, 12 July 2019

(ZBA).

A disbursement bank account from which payments are made, even though the balances in the accounts are maintained at zero.

Debits are covered by a transfer of funds from a master account at the same bank.


See also