Controlled Disbursement

Controlled Disbursement significantly enhances cash flow management through timely and accurate notice of check clearing information. Check clearing information is provided prior to items posting to the account. This information is helpful in making decisions to remain invested or refrain from borrowing until the last possible moment, thus enhancing your earnings potential and improving your cash position.


BENEFITS

  • Eliminates the need for idle balances sitting in anticipation of checks clearing
  • Enhances cash forecasting
  • Significantly reduces the potential for account overdrafts


HOW IT WORKS

  • Check clearing information is available by 10:00 AM ET daily through Business Internet Banking.
  • All controlled disbursement accounts are insulated; therefore, no additional paper items will post to the account after reporting.
  • Information provided includes the serial number and dollar amount of each item, as well as aggregate totals.
  • Accounts may be funded by account transfer, Zero Balance Account or wire transfer.

ADDITIONAL SERVICES TO CONSIDER

  • Account Reconcilement
  • Information Reporting