Increase control over your disbursements and make better use of your available cash by receiving early morning same–day notification on check clearings. In–state and East Coast sites available.
Vectra Bank’s Controlled Disbursement service gives you early knowledge of today’s disbursement totals, allowing you to optimize the use of funds on a daily basis. Your company eliminates the guesswork and time otherwise spent estimating balance requirements.
Vectra establishes a disbursement checking account at the site location of your choice force of disbursement checks. The Controlled Disbursement is maintained at a zero balance and is systematically tied to your main operating account at the Vectra Bank branch where your primary relationship resides. The Bank automatically transfers the total dollar amount to cover check clearings from your main checking account each business day.
Early in the morning, the bank will send your office a daily funding report to electronically notify you of the current day’s check clearings. No intervention is required on your part. Vectra Bank’s Controlled Disbursement account positions you to maximize investment earnings and debt servicing opportunities.
The Payroll Card is an innovative payroll product that can help your company reduce costs and build employee loyalty. The Payroll Card is a VISA® branded card that allows your company to offer direct deposit to those employees who either do not have a bank account or do not want their payroll deposited to their existing bank account. Payroll Cardholders have access to their pay 24 hours a day, 7 days a week via purchases everywhere VISA® is accepted, point–of–sale terminals, and ATMs.
Wire Transfer Service
Automated Clearing House (ACH) Services
A fully integrated invoice-to-pay solution that automates your accounts payable and payment process. Issue Commercial Card, ACH* and check payments from a single location. Experience the benefits of increased AP efficiency, reduced processing costs, greater control of outgoing cash flow, reduced payment risk and improved internal accounting controls.Learn More
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