Zero Balance and Account Sweep Service

Zero Balance Account

Maintain as many collection and disbursement accounts as you need while automatically consolidating your cash into a single concentration account and automatically fund disbursement accounts as needed, each day.

An First Citizens Bank Zero Balance Account provides you with the ability to use several purpose accounts (payroll, depository and expenses, for example) to consolidate your company's cash into one primary account. As checks or deposits are presented, funds are automatically transferred to or from the primary account to the purpose accounts. The purpose accounts maintain a zero balance.

• Consolidate your company's cash into one primary account. 
• Conduct transfers automatically.
• Simplify account reconciliation. 
• Allow for separation of duties. 
• Use in conjunction with a sweep account to maximize your invested funds.