Target Balance Accounts are a specific account that can be automatically funded by your main operating account or can be used as a depository account for multiple divisions or locations.
- Eliminate idle funds in your checking account
- Simplify investment and funding decisions since all funds are concentrated into one main account
- View account information on a statement
- Maximize earning potential by reducing idle balances in multiple accounts
- Reduces staff time and potential fees involved in managing account balances and transfers
- Helps eliminate the risk of overdrafts by centralizing management of multiple accounts
Transfers take place at the end of each business day.
Contact a Personal Banker or your Business Banker to set up your accounts.