Can I close a zero-balance account?
Yes, it takes less than one minute to open and close a zero-balance account.
Can I give a zero-balance bank account to third parties to charge my account?
Yes, with your authorization, any third party can pull funds from a zero-balance account. The funds will actually come from the main balance. This is a great way for utility companies and vendors to debit your account on autopay.
How many zero-balance accounts can I open?
You can open up to 200 zero-balance accounts.
How zero-balance bank accounts work?
Zero-balance accounts are bank accounts that don’t hold funds. They roll up to a single balance. They each have a unique account number and act as a pass through.As a result, deposits into a zero-balance account flow directly to their main balance. Payments from a zero-balance account will use funds from their main balance, automatically.Zero-balance accounts allow you to organize your flow of funds without the hassle of maintaining a balance in multiple accounts. Clearing is a Financial Technology Company and not a bank. Deposit Accounts are issued by Evolve Bank & Trust, Member FDIC.
What bank is used to open zero-balance accounts?
Clearing is a Financial Technology Company and not a bank. Deposit Accounts are issued by Evolve Bank & Trust, Member FDIC.
Do zero-balance accounts have a unique account number?
Yes, each zero-balance account has a unique account number.
What is a zero-balance bank account?
Zero-balance accounts are bank accounts that don’t hold funds. They roll up to a single balance. They each have a unique account number and act as a pass through.As a result, deposits into a zero-balance account flow directly to their main balance. Payments from a zero-balance will use funds from their main balance, automatically.Zero-balance accounts allow you to organize your flow of funds without the hassle of maintaining a balance in multiple accounts. Clearing is a Financial Technology Company and not a bank. Deposit Accounts are issued by Evolve Bank & Trust, Member FDIC.
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