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City National Bank's Controlled Disbursement service can help you take full advantage of your cash resources. You enjoy the use of your funds for the longest possible time, keeping your money employed more productively. And, with our Controlled Disbursement service, you have the information you need to optimize your short-term investment and borrowing decisions.
Early each day, you will receive a report that totals all checks that will clear your checking account that evening. After reviewing the checks, you then fund the disbursement account before the daily cutoff time, ensuring that checks are paid timely and screening out potential fraud. Because you're funding your account "just in time", your money is working for you longer and you can keep your cash working all the time.
In cooperation with our third party service provider, we offer an East Coast disbursement point with early morning reporting and a variety of additional services. You will receive specialized service, technical expertise and the technology to handle a large volume of checks.
To sign up for a Treasury Management service or for more information, please contact us or call Treasury Management Client Services between 5:30 a.m. and 7:00 p.m. (PT) Monday through Friday (800) 599-0020 select option 2.