A Zero Balance Account (ZBA) allows business clients to manage company funds sitting in multiple First Fed subsidiary accounts by consolidating them into one concentration ("parent") account.  The subsidiary accounts are maintained automatically at zero or another predetermined balance.  At the end of each business day, all funds over the predetermined balance in the subsidiary accounts are automatically transferred to the parent account or to other subsidiary accounts to cover outstanding payments.  ZBAs are of benefit to business owners who need to:

• Monitor account balances for multiple business accounts
• Manage multiple funds transfers between liquid business accounts
• Empower other business divisions or subsidiaries to make payments and receive deposits

With a ZBA, you'll benefit from:

• Improved cash control by eliminating idle balances
• Reduced clerical reconcilement time and associated operating expenses
• Reduced overdrafts and associated fees as funds are automatically transferred as needed

A ZBA can simplify account management, improve your employee productivity levels and decrease banking fees.  Your operating units will have the ability to transact daily business without having direct access to your corporate funds.