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
If you can get online, you can initiate wires. It’s that easy. With a secure online connection, you have the flexibility to process both domestic and international wires from anywhere.Learn More
Automated Clearing House (ACH) Services
With Vectra’s Automated Clearing House (ACH) services, you can control how your money comes into your account and how it goes out. Save time and money by using pre–authorized electronic transactions rather than costly and time consuming paper–based alternatives.Learn More
For more information, or to schedule a FREE no obligation consultation, call 800–341–8156, email firstname.lastname@example.org or contact your local banker today.
Greenwich Excellence Awards: Greenwich Associates is a leading global financial services research and consulting firm. The Greenwich Excellence Awards in small business and middle market banking were based on interviews with over 28,000 businesses across the U.S., with sales of $1 million to $500 million. More than 750 banks were evaluated.
Trademarks: Trademarks or trade names used herein are owned by parties who are not affiliated with Vectra Bank. Use of such marks does not imply any sponsorship by or affiliation with third parties, and Vectra Bank does not claim any ownership of or make representations about products and services offered under or associated with such marks.