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Disbursement Services

We enable you to pay vendors, employees, investors, and other payees efficiently, reliably and securely. We can expedite paper disbursements with our controlled disbursement services for timely notification of checks cleared. We provide you with images of checks to make your research faster and more efficient.

In addition, we offer a range of easy solutions for all of your account reconciliation needs, including Partial Reconcilement, Full Reconcilement, and Positive Pay services. We can also help you evaluate the use of electronic transactions to streamline your disbursements, including EDI, ACH, Wire Transfer and Direct Deposit of Payroll.

Citizens disbursement services include outgoing International Wire transfers, an efficient and secure means of sending funds internationally, and Foreign Currency Bank Drafts, to facilitate International payments when you prefer to send a document.

Zero Balance Services
Companies with multiple locations, divisions, or accounting functions can consolidate balances while maintaining a clear audit trail through a zero balance accounting (ZBA) system. A unique zero balance account is maintained for each location, division, or accounting function. Then all zero balance accounts in the system are "linked" to the master account, with up to a three-tier account structure.

Zero balance accounts are automatically funded by the master account on an as-needed basis. Likewise, deposits into zero balance accounts are automatically transferred to the master account.

The ZBA approach gives your company centralized control over funds management, while individual divisions or locations maintain decentralized payment authority. Less time is needed to monitor accounts, and idle balances are concentrated to provide maximum benefit.

 

 

Contact a Product
Specialist today:

1-877-220-0491

clientservices@rbscitizens.com