Greater control over your check disbursements and better cash flow.
A CDA is the ideal way for companies to determine their daily cash position and maximize the potential of their surplus cash. Each day, the total amount of your checks to be cleared is transferred to your CDA, allowing you to use the remaining funds in your operating account for other purposes. Maximize your investment income through same-day check presentment notification with a Controlled Disbursement Account.
Understand daily cash position
Optimal cash flow management
Maximize returns
on cash
Manage your cash flow more efficiently with a Controlled Disbursement Account (CDA) from First National Bank. You’ll know the exact amount of your checks that will be paid each day so there’s no need to worry about forecasting daily check clearing.
Checks to be paid will be available to view early, each business day. Funds are then transferred – manually or automatically – to your CDA to cover those payments. You then have the ability to use remaining funds for other purposes, such as investments or to pay down existing credit.
FNB offers a full breadth of products and services for your needs.
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