Controlled Balance Accounts

Controlled Balance Accounts allow you the flexibility to establish a single master account connected to several sub-accounts. A target balance is established for each sub account. The funds available in each account after nightly processing are transferred into or out of the master account.

This type of account may be used when a company has subsidiaries that are depositing into separate accounts, but wants to maintain control of the cash flow. Conversely, it may also be used when those subsidiaries draw on the account, and the company allows disbursement from the concentration account to cover those drafts.

Having all of your funds concentrated in the master account allows greater control over the daily management of your funds.

Benefits to your organization include:

• Take advantage of the benefits of higher balances in concentrated funds
• Easily identify excess liquidity
• Simplifies the account funding process
• Eliminates account transfers

Consider Controlled Balance Accounts if your organization:

• Maintains multiple accounts and can commingle account balances
• Have forgotten to request an account transfer
• Wants an automated way of transferring funds between accounts