When parts of your business need separate operating accounts for disbursements such as payroll or petty cash, Sterling Zero Balance Accounts deliver the funds from a master account on a just-in-time basis to meet daily obligations, while the operating accounts are maintained at a zero balance. In addition, any funds deposited in the operating account are moved to the master account at the end of the day. Fully automated according to your instructions, the system assures accuracy and allows for customized reporting.
Effective Daily Funds Management
At the opening of business, your Sterling Controlled Disbursement account reports the total amount of checks that will clear in your account that day to facilitate early funding and investment decisions. In-clearing check details, including check number and dollar amount, are available on line by 10 a.m. (Eastern Standard Time) through Sterling Cash Management Internet Banking. You can start the day with confidence, knowing exactly where your account stands.