Controlled Disbursement

This account will give you same-day access to accurate and timely reporting information to help maximize your daily cash position and increase control over payments.

By receiving notification of the funding needed for presented checks each morning via fax or IRIS, you will have more time during the day to focus on larger tactical issues.

Controlled Disbursement is typically used to fund:

• trade payables
• expense reimbursements
• insurance payments
• pension payments
• dividend checks

After funding the account with the exact amount needed, you can automatically pool remaining funds for investment or debt reduction, and eliminate idle balances and overdraft charges. Invested funds then earn interest up to the minute they are needed to fund disbursements.