controlled disbursement account

Handle your daily cash disbursements smarter

Enhance the way you pay with a controlled disbursement account

Gain control of your payments and reduce the risk of overdraft charges. With a controlled disbursement account, you can optimize your cash flow and improve controls—all while achieving your business goals.

Forecast daily

Accurately forecast daily cash requirements, helping to reduce idle balances.

Increase efficiency

Use controlled disbursement funds to help increase investment income or reduce borrowing costs.

Explore options

Take advantage of flexible funding options that can help reduce transfer charges.

Want to know more about controlled disbursement accounts?

Controlled Disbursement Account Benefits
Get a clearer view

Timely reporting

The Same-Day Reporting feature allows you to access your daily total beginning at 6 am ET and again at 9 am ET that day.

Stay informed

Get notified early and improve control of your cash position, reducing the possibility of overdrafts.

Multiple funding options

Our team communicates with you daily about checks posting that night to your account. Your funding options include wire transfers and transfers from another First Citizens account.

Improved cash management

Our controlled disbursement account service helps you reduce costs, avoid unnecessary charges and use funds more efficiently.

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When will your business break even?

Know your limits and optimize your cash flow through a controlled disbursement account.

Controlled Disbursement Account FAQ
People often ask us

A controlled disbursement account allows a business to choose which checks will post to its account each day. It helps control payments and cash flow—giving the business the ability to avoid overdrafts, manage investments and pay down debt.

Each day, the total amount of a business's checks to be cleared is transferred to its controlled disbursement account, allowing the business to use the remaining funds in its operating account for other purposes. The business can choose to leave assets that earn higher interest in place for a longer period of time to continue generating profits, while assets that earn lower interest can be used for short-term payment needs.

Both accounts are types of business checking accounts that optimize cash flow. A Zero Balance Account is a type of sweep account that always has a balance of zero at the end of the day. A controlled disbursement account provides early notification of checks to the cash manager.

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