Controlled disbursement tools give you precise knowledge of your income and daily checking transactions to make money management easier.

If you want to take greater control over the checks you write daily, minimize the risk of overdrafts and maximize your investment income, consider taking advantage of controlled disbursement for your commercial accounts.

This banking service provides early same-day notification of your daily check disbursements, allowing you to fund these disbursements with complete precision. Controlled disbursement eliminates the guessing-game of forecasting when checks will clear, and (when you use separate accounts to process receivables and payables) automates funding from your primary account to your disbursement account.

Here’s how it works:

Vendors deposit your checks in their banks, which send them through the Federal Reserve System. The morning these checks reach your local Federal Reserve office, controlled disbursement clients receive from their bank the total amount of the checks that are scheduled to clear that day, so you know exactly how much money you need to cover the disbursements.

You can combine controlled disbursement with other commercial banking services for even greater control of your payables. For example, automated reconciliation uses your electronic disbursement information to keep your accounts up to date, while Positive Pay reduces the risk of fraud by comparing checks presented to your bank for payment with your own list of checks payable. Mismatches are presented to you for approval or rejection.

For more information about controlled disbursement and other commercial banking services from National City, visit our Commercial Banking page and click Global Treasury Management.

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