Make Your Assets More Productive
Uninvested cash can quietly limit your organization’s financial performance and inhibit long-term growth. At West Bank, we believe in giving business owners the tools to make their money work for them. With our Automated Investment Services, we can help commercial enterprises, nonprofit organizations, associations, and governmental entities turn idle or under-performing balances into productive assets. By aligning liquidity with earning potential, we help you get more from your money while maintaining the access and security your organization requires.
To learn more about Automated Investment Services and other West Bank financial solutions, contact Treasury Management support by calling 515-222-2350. You can also contact us online.
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Zero Balance Account (ZBA)
A Zero Balance Account is a checking account structured to automatically maintain a zero balance and are ideal for organizations managing multiple accounts, departments, or locations. Funds are automatically transferred from a designated primary account to the ZBA each day to cover checks and other cleared transactions. This approach allows your business a central location for account management that also simplifies cash flow.
Key Benefits of Zero Balance Accounts
Eliminates overdraft risk when the primary account is sufficiently funded
- Centralizes cash while supporting multiple operating accounts
- Improves cash concentration and control
- Reduces excess balances sitting idle in disbursement accounts
ICS® and CDARS®
With ICS® (Insured Cash Sweep) and CDARS® (Certificate of Deposit Account Registry Service), you can access multi-million-dollar FDIC protection all while working directly with West Bank.These solutions are well-suited for organizations with larger cash balances that want security, simplicity, and competitive returns while maintaining a relationship with the local banking team that they trust.
What This Means for Your Organization
- Deposit funds into demand deposit accounts, money market deposit accounts, or CDs
- Receive expanded FDIC insurance coverage far beyond standard limits
- Avoid opening and managing accounts at multiple financial institutions
- Maintain one banking relationship, one set of statements, and local service
Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and ICS are registered service marks, and the IntraFi hexagon and IntraFi logo are service marks, of IntraFi Network LLC.