Business Banking

Checking Accounts Controlled Disbursement

Controlled Disbursement

A pre-notification of transactions that will be posted against your account will allow you to maximize use of cash.

Controlled disbursement offers your company the ability to receive the total dollar amounts of checks to be presented against your account each day. In addition, with the use of First Bankers Trust's Express Business Banking you will not only know the total of all checks to be presented against your account that day, but will be able to view a listing of each individual item that will be drawn against or deposited to your account. This includes ACH items that may be deposited or drawn against your account by companies that you do business with.

This pre-notification of transactions that will be posted against your account will allow you to maximize use of cash by eliminating the speculation of what checks will clear the account on any given day. Contact us for further information.

 

Cash Concentration

If you have multiple locations you can concentrate funds into one controlled account.

Cash concentration is a system through which businesses with widespread geographical locations can concentrate funds into one control account. By using First Bankers Trust's Express Business Banking program, your company can move funds electronically through the Automated Clearing House (ACH) system from accounts held at other banks nationwide into your First Bankers Trust account. Benefits of Cash Concentration include:

Reduction of excess balances. Funds are transferred to one single account for accurate monitoring and control.

Next day funds availability through ACH transactions.

Increased control over your banking network.

Reduced expenses on funds transfers by using ACH to concentrate your funds.

Contact us for further information