Determine disbursement products available from wachovia

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Reference no: EM131316764

Wachovia Corporation is a major (superregional) U.S. bank. The Wachovia corporate Web site is located at https://www.wachovia.com. Among the cash management services available to its business customers are various collection and disbursement products.

a. Access Wachovia's cash management and deposit services at https://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 defi nition for a ZBA.

b. Bank of America is the first truly national bank in the United States. Access its corporate Web site at https://www.bankofamerica.com, and compare Bank of America's disbursement products with the products from Wachovia Corporation discussed in part (a).

Reference no: EM131316764

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