A
controlled disbursement account effectively provides 24 hours' notice of an impending check.
* Monitor disbursement clearing time and consider consolidating
controlled disbursement endpoints into one that offers the highest level of reporting and funding accuracy and earliest available presentment times.
Treasury checks, consumer checks, business checks, money orders,
controlled disbursement checks, payable through drafts, and traveler's checks.
Its specialized small-business products include
controlled disbursement, giving a business checking customer the ability to calculate its daily cash position early to take advantage of investment opportunities (if cash is not needed, it's kept where it collects interest); lockbox service, which is checked several times daily to provide an efficient and cost-effective method of collecting and processing receivables; and a business check card giving quick and easy access to checking account funds.
Products offered include various electronic payment products, account reconciliation, sweep accounts,
controlled disbursement and vault services.
Happily, the zero-balance
controlled disbursement account maintained by MMC made this change easy to implement.