Controlled disbursement

Controlled disbursement

A service that provides for a single presentation of checks each day (typically in the early part of the day).
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Monies In The Operating Account Will Be Used To Pay Checks Presented For Payment In Two Controlled Disbursement Accounts.
Primary disbursement vehicles were zero balance accounts, controlled disbursement accounts and payable thru draft accounts.
When vendors want to stick with the tried and true, it can be helpful from a cash management perspective to put a controlled disbursement system in place.
Pulte also elected to use a separate account for ACH payments, rather than running them through its controlled disbursement account.
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.
Products offered include various electronic payment products, account reconciliation, sweep accounts, controlled disbursement and vault services.
They require features like the ability to generate ad hoc reports and export the information in a variety of ways, as well as static reporting and provision of full details about controlled disbursement," said Feagin.
Happily, the zero-balance controlled disbursement account maintained by MMC made this change easy to implement.
Solutran's customized solutions span the payment spectrum and include depository processing, check conversion services, controlled disbursement services, return check management, and WIC payment processing.
Tenders are invited for Provide banking services includes zero balance accounts or controlled disbursement with positive pay for all the district~s accounts the federal financial aid account and the general operating account, other banking supplies deemed necessary such as deposit stamps, MICR cartridges, etc.
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