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.
A controlled disbursement account effectively provides 24 hours' notice of an impending check.
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.
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.
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.
The most frequently discounted services were positive checks paid (69%), controlled disbursement checks paid (67%), account maintenance (66%), controlled disbursement maintenance (65%) and credit posting (65%).
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