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Take control of your cash
- minimize idle balances
From controlled disbursement to direct deposits, ColeTaylorBank offers multiple
ways for you to keep your money working.
Controlled Disbursement
With a controlled disbursement account,
you'll know in the early morning the total
dollar amount of checks that will be presented
against your account that night. This way,
you need only fund the account with the exact
amount needed to cover those disbursements.
You'll avoid idle cash in the account and keep
other funds for investment purposes or to avoid
unnecessary borrowing against lines of credit.
You'll also:
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Simplify
cash forecasting:you'll no longer need to
forecast daily disbursement totals or make
unnecessary borrowings |
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Have disbursement
information available throughout the day
via phone notification or through the ColeTaylor
Reporter |
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Have more
time for other important treasury functions |
Zero Balance Accounts (ZBAs)
Centralize your funding and collection processes with our ZBAs. They facilitate
decentralized disbursement and depository functions and give you control
over corporate balances that would otherwise remain idle in separate accounts.
How it works:
- ColeTaylor will set up a ZBA Master Account
for the corporation plus ZBA Sub-Accounts to
ensure flexibility and autonomy throughout
your organization.
- The ZBA Sub-Accounts serve your company's
divisions, plants, offices or other units that
need to make deposits, write checks or maintain
separate cash accounts. This way, you'll eliminate
the time and expense associated with daily
transfers between accounts. And, you'll be
able to invest funds from the ZBA Master Account
to take advantage of interest rates based on
higher investable balances.
- At the end of the day, activity totals from
each Sub-Account are transferred to the Master
Account and the Sub-Accounts' balances are
adjusted to zero.
Contact
a banker now for
more information. Or call us at
847-653-7974
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Equal
Housing Lender | Copyright
2007 | All
rights reserved