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Guaranty Bank’s Controlled Disbursement Account assists your company by providing accurate, timely information
on your daily presentment of cleared checks. Early each day, you will receive notification from GuarantyNet
of the total dollar that will clear against your Controlled Disbursement Account that day. With this
information, you can set your cash position and increase investment opportunities or reduce borrowing
costs. The Controlled Disbursement Account always remains at zero, since it is funded by your main investment
or operating account.
Features of Controlled Disbursements
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- Eliminates idle or excess funds previously maintained in a separate disbursement account since unused funds remain in a concentration account
- Provides a treasury manager with early morning notification on disbursements of cleared checks
- Reduces time and effort associated with month-end reconciliation
- Provides timely cash flow information to maximize investment opportunities and reduce borrowing costs
Please contact our Guaranty Bank Treasury Management Representatives for additional information about any of our treasury management services.
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