Controlled Disbursement is a bank service that provides notification of the dollar amount of checks that will clear against the controlled disbursement account that day. This information is available by mid-morning. The principal advantage of a controlled disbursement account is that it allows a company to calculate its daily cash position early enough to take advantage of better market rates for investing or borrowing.
Benefits
- Current day reporting on disbursements before posting
- Maximize excess funds
- Improves accuracy of cash management services
For more information, call (918) 748-4185.