Question

Wachovia Corporation is a major (super regional) U.S. bank. The Wachovia corporate website is located at http://www.wachovia.com. Among the cash management services available to its business customer are various collection and disbursement products.
a. Access Wachovia’s cash management and deposit services at http://www.wachovia.com/ corp_inst/page/0,,7_17,00.html, and determine the disbursement products available from Wachovia. Compare Wachovia’s controlled disbursements and sweep accounts to the text definition for a ZBA.
b. Bank of America is the first truly national bank in the United States. Access its corporate website at http://www.bankofamerica.com, and compare Bank of America’s disbursement products with the products from Wachovia Corporation discussed in part (a).


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  • CreatedMay 13, 2015
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