FirstMerit Zero Balance Account

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A FirstMerit Zero Balance Account enables you to consolidate the company's cash into one primary account from various other accounts -i.e. payroll, depository and expenses, etc. Funds are automatically transferred to or from the primary account as checks or deposits are processed, thus, maintaining a zero balance in the other accounts.

Benefits:

Consolidate cash into one primary account
Transfers are conducted automatically
Account reconciliation is simplified
Separation of Duties

When used with a sweep account, you can maximize your company's capital.