A ZBA arrangement is a cost effective way to concentrate deposits and disburse funds. If you require a separate sub account(s) for payroll, individual locations, projects, etc., but don’t want the hassle of moving funds back and forth, a ZBA could be the solution for you. After a target balance level is established for each account, funds are then automatically swept in or out of the master account at the end of each business day.
For questions related to Cash Management, please call Gail Killian, SVP, Cash Management Services at (401) 456-5015, ext 1544, or email gkillian@bankri.com.