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Zero Balance Account at Desjardins Bank
Zero Balance Account at Desjardins Bank
U.S. zero balance accounts are available to companies seeking to streamline their cash management processes. You get all the benefits of a U.S. commercial account without the daily task of managing account activity.
Each day, deposits of payments received from clients and withdrawals made to pay suppliers are redirected from your U.S. account to your Desjardins caisse account in Canada. All of your account activity in North America is therefore centralized in a single account.
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Disbursements |
Write cheques in U.S. dollars in your company’s name drawn on Desjardins Bank and disburse funds in the form of direct withdrawals. Total wihdrawn is debited from your Desjardins account in Canada. |
Direct deposits |
Receive direct ACH (Automated Clearing House) and EFT (Electronic Funds Transfers) deposits in U.S. dollars directly in your U.S. dollar caisse account. U.S. dollar funds are deposited into your caisse account one day after
they are received in the U.S. |
U.S. Zero Deposit Lock Box |
Centralize and accelerate your access to incoming U.S. funds as funds are deposited in a lock box located in Hallandale Beach, Florida, and processed by Desjardins Bank. Works the same way as a standard lock box, but funds
are redirected to your Desjardins account in Canada.
Find out more about the U.S. lock box service. |
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 At the caisse
(Members and non-members) |
Make an appointment with an advisor at a caisse.
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 At a Desjardins Business Centre
(Members and non-members) |
Make an appointment with an account manager at a Desjardins Business Centre.
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