Disbursement Solutions


Positive Pay

Significantly reduce your overall exposure to check forgery and fraud.  Learn more

ACH and Wire Transfers
Improve timing of your disbursements while gaining operational efficiencies.  Learn more

Target Balance Accounts
Simplify the management of multiple checking accounts through a Target Balance Account (TBA) structure.  Learn more

Automated Sweep Accounts
Enhance the benefit of your collection and disbursement solutions by utilizing Automated Sweep Accounts.  Learn more




Positive Pay

In its simplest form, Positive Pay is a service that matches the check number and dollar amount of each check presented for payment against a list of checks previously authorized and issued.  When a check is presented that does not have a "match" in the file, It becomes an "exception item".  To ensure an accurate and timely matching process, Positive Pay requires you to send a file of issued checks to the bank each day checks are written.  Benefits include:

  • Helps detect check fraud by electronically matching checks cleared to checks issued
  • Provides timely notification of exception items through Internet banking platform
  • Allows you to make a pay/no pay decision on all exception items
  • Significantly reduces your overall exposure to check forgery and fraud


ACH and Wire Transfers

Manage the timing of your disbursements through electronic transactions, namely ACH and Wire Transfers.  You control the timing of these payments while gaining operational efficiencies.  Benefits include:

  • Simplifies the timing of disbursement activity
  • Provides more timely transaction reporting
  • Improves cash forecasting
  • Automates a traditional manual process through Internet banking platform


Target Balance Accounts

Simplify the management of multiple checking accounts through a Target Balance Account (TBA) structure.  Benefits include:

  • Links one or more checking accounts together
  • Automatically transfers funds between TBA subsidiary account(s) and main/parent account based on a pre-determined balance threshold
  • Eliminates idle balances
  • Ideal for payroll, payables, and other disbursement accounts


Automated Sweep Accounts

Enhance the benefit of your collection and disbursement solutions by utilizing Automated Sweep Accounts.  Investment and debt reduction strategies can be realized through this efficient service.  Benefits include:

  • Provides an automated transfer of funds between checking, investment, and loan accounts based on a pre-determined balance threshold
  • Automatically manages your daily ending cash position by eliminating idle balances
  • Investment sweep maximizes interest earnings through investment options
  • Loan sweep minimizes interest expense through reduced loan balance

   

Location and Lobby Hours


Headquarters
2001 York Road, Suite 150
Oak Brook, IL 60523

Phone: 630-572-5323
Fax: 630-572-4979

Hours
Monday - Friday
8:30 a.m. to 4:30 p.m.

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