Want the ability to project your company’s daily financial position with better accuracy? The UMB Controlled Disbursement Account is a useful cash management tool that helps minimize your idle balances and put your excess cash to work.
UMB starts by establishing your Controlled Disbursement Account. Once the account is set up, you will receive notification of the funds needed for your presented checks early each business day. This will help you with short-term cash flow forecasting. The final check presentment occurs early each day so you can receive notification of your daily check funding requirements by 10 a.m. (CT).
The Controlled Disbursement Account always maintains a zero balance. The exact funds needed to cover the disbursements are automatically transferred to your Controlled Disbursement Account from your primary UMB account.
Questions? Contact us for more information about the UMB Controlled Disbursement Account.
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