Controlled Disbursement Accounts

As a way to manage float and information with your paper-based payables systems, Republic Bank offers the Controlled Disbursement Account. The account provides clearing information by 11:00am (ET) each business day on that day’s clearings. This allows for investment and/or borrowing decisions to be made. Predictions and guesswork are eliminated through the use of Controlled Disbursement Accounts.

Requirements:

• Must have an Analysis Checking Account
• We will issue checks with a different routing number
• One week notification to ensure accurate setup
• Implement a secure FTP connection for file transmission

For more information, please contact us at 1-866-534-2341.