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Personal Banking

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Pegasus Bank offers Zero Balance Accounts as a solution to provide greater control over payments and collections for businesses with multiple entities or locations.

How it works?

Each subsidiary or location receives their own bank account. Deposits are made to the separate accounts, allowing the business owner to clearly see deposits and transactions that are associated with the account. At the end of each business day, excess funds are swept from the linked subsidiary account to the master account. If the subsidiary account is in need of funds from the master account to cover a deficit, an automatic transfer will occur bringing the balance back to zero.

Clients may link an unlimited number of subsidiary accounts to a master account.

For more information contact Treasury Management at 214.353.3000.

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