Controlled Disbursement

By receiving notification of the funding needed for presented checks each morning via fax or IRIS, this account offers you 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.