DB Futils

What is a zero balance account (ZBA)? A zero balance account (ZBA) is pretty much exactly what it sounds like: a checking account in which a ...

What is overdraft protection? Overdraft Protection is an optional service that prevents the chargeback of charges to a bank account (primarily checks, ATM transactions, debit card ...

What is Cash Concentration and Disbursement (CCD)? Cash concentration and disbursement is a type of electronic funds transfer typically used to transfer funds between business accounts. ...

What is the balance report? Balance statement is a report from a bank to a customer, normally a business or organization, informing the customer of their ...

What is a concentration account? A concentration account is a depository account used to consolidate funds from multiple locations into a centralized account. Institutions use concentration ...

What is the Imprêt? An imprest account is a cash account that a business relies on to pay small, day-to-day expenses. The funds contained in the ...

What is the balancing item? The book balance is the cash balance of a company according to its accounting records. The book balance may include transactions ...

What is a deposit in transit? A deposit in transit is money that has been received by a company and recorded in the company’s accounting system. ...

What is a negative float? “Negative float” refers to the difference between checks written or deposited in a checking account and checks that have cleared (according ...

What is a Sweep account? A sweep account is a bank or brokerage account that automatically transfers amounts that are above or below a certain level ...