Our automated investment services will assist any commercial enterprise, non-profit organization, association or governmental body that wants idle or under-performing assets to become more productive.
A Zero Balance Account (ZBA) is a checking account that is designed to maintain a zero balance, even as checks are written against it. The ZBA is funded by a primary account that disburses the funds to the ZBA daily to cover checks that have cleared. This eliminates any possibility of overdrafts as long as the primary account is properly funded.
With ICS® and CDARS®, you can access multi-million-dollar FDIC protection on deposits placed in demand deposit accounts, money market deposit accounts, and CDs—all through our bank.
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.
Are your investments under-performing? Would you like to put excess checking balances to work earning competitive interest rates? We can help you get more from your money.
To find out more about West Bank financial solutions, contact our Treasury Management team at 515-222-2300 or