WCMA® Master FinancialSM Service (WCMA SubAccountsSM)
Don't know where to start? We'll help you find solutions that are right for your business. Start here.

Optimize Your Cash Management

Allocate business assets among 999 individual accounts automatically by using WCMA SubAccounts linked to your full-service Working Capital Management Account® (WCMA® account). SubAccounts are typically used to organize assets for specific purposes, such as segregating short-term working capital from long-term investable funds, dividing capital by division or department, or designating funds for special purposes such as capital improvements.

  • Segregate assets for specific purposes
  • Simplify paperwork – no need to open separate banking accounts
  • Optimize cash management by linking accounts across the business

Frequently Asked Questions About SubAccounts

What is a WCMA SubAccount?

A WCMA SubAccount allows business owners to allocate business assets among up to 999 individual accounts automatically linked to a full-service WCMA account.

What are the criteria for opening a SubAccount?

To open a WCMA SubAccount, you first must open a full-service WCMA account, which will serve as a master account.

Does the WCMA SubAccount offer the WCMA Visa® Business card or check-writing capabilities?

Yes, the WCMA SubAccount offers check-writing capability. In addition, a client can request to receive a Merrill Lynch Visa Business Signature Card or Merrill Lynch WCMA Business Access Visa Card. Additional account and service fees may apply.

Related Products & Services

For your business financial needs:

For your personal financial needs:

Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker-dealer, not a bank and the WCMA account is not a bank account. Banking services are provided by licensed banks or by third parties through arrangements with licensed banks. Unless otherwise indicated, investment products are not FDIC-insured, not guaranteed by a bank and may lose value.

If opening a WCMA Subaccount, the account fee is $150 and additional per check and deposit fees apply. All account statements and communications regarding the account will be mailed to the address designated by the accountholder unless an election is made to not link the WCMA Subaccount to the Master WCMA Account for statement delivery purposes. If accounts are linked for statement delivery purposes, statements for all linked accounts are mailed in a single package to the designated WCMA Account address.

Working Capital Management Account and WCMA are registered service marks of Merrill Lynch & Co., Inc.

WCMA SubAccounts is a service mark of Merrill Lynch & Co., Inc.

©2008 Merrill Lynch, Pierce, Fenner & Smith Incorporated. Member, Securities Investor Protection Corporation (SIPC).