Howard Bank's funds management services are designed for companies that keep a main bank account for operating services and use subaccounts for easier bookkeeping. For example, you may have a main account, then separate linked accounts for payroll, client funds and so on.

Our funds management services include:

  • Sweep services: You choose a target minimum balance you need in your main business account. At the end of each day, we’ll automatically sweep any extra funds into a high-interest savings or investment account of your choice.
  • Zero balance accounts (ZBAs): This type of account often is used for issuing payroll checks, holding petty cash and other special business needs. We automatically sweep remaining money out of your ZBA subaccounts at the end of the day. You choose the account(s) to which we move your extra funds.


Want to learn more about your business can benefit from funds management? We’re here to help. Call 410-735-2003 or email us: [email protected].