"Just in Time" Funding for Check Disbursements
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. With this service you have the information you need to optimize your short-term investment and borrowing decisions.
How it works
Early each day, you have convenient online access to your presentment total and a report of the checks that will post to your disbursement account that evening. You then only fund your funding account for the exact presentment amount. You also have early morning access to review any exception items from the checks that posted and provide your instructions to return or pay them. Because you're funding your account "just in time" and for the exact amount needed, you can have greater confidence in making short term investment decisions and minimize short term borrowing plus the comfort of seeing potential fraudulent transactions more readily.
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 all your disbursements needs.
- Managed Disbursements
Improved cash forecasting gives you the tool to better plan investment earnings or reduce interest costs.
- Fraud Protection
With Account Reconcilement and Positive Pay as part of the service, you have the added benefit of being able to identify and resolve suspect check activity.
- Timely Information
With accurate, timely information we take the guesswork out of determining funding requirements and calculating your daily balances.
- Electronic Images and Statements
Provides online access to daily presentments, paid check copies and reconcilement statements.
- Dedicated Customer Support
Our team of dedicated support specialists is available to answer all of your controlled disbursement questions.
- Additional Services
We offer a variety of additional services to meet your treasury management needs, including automated placing of stop payments, automated photo retrieval and CD ROM storage of check images.