Define: Zero Balance Account

UK Accounting Glossary

Definition: Zero Balance Account


Quick Summary of Zero Balance Account


A zero balance account (ZBA) is a checking account in which a balance of zero is maintained by automatically transferring funds from a master account in an amount only large enough to cover checks presented.



What is the dictionary definition of Zero Balance Account?

Dictionary Definition


An Account used by a company handling very large endorsements.


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Zero Balance Account. PayrollHeaven.com. Retrieved April 04, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/zero-balance-account/

Definition Sources


Definitions for Zero Balance Account are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th December 2019.