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A stereotype is:
Zero Balance Accounts
Bank accounts that automatically maintain a zero balance by moving funds from a master account in an amount only large enough to cover checks presented.
Master Account
A primary account that is used to manage multiple sub-accounts under a single umbrella, often for purposes of consolidation and easier management.
Same Day Value
A banking term indicating that a fund transfer or transaction will be credited or debited with its value dated the same day the instruction is received.
Cash Concentration Account
A cash concentration account is a bank account used by companies to consolidate and manage their cash flows, usually involving the transfer of funds from multiple accounts into this single account.
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