Business

Disbursement

Our disbursement services will keep funds working on your behalf for as long as possible, while helping you control administrative costs.

Corporate Credit Cards | Direct Deposit | Wire Transfers | Zero Balance Accounts | ACH Cash Disbursement

Corporate Credit Cards

You can now provide your selected employees with a company credit card for their purchasing needs while conducting company business. Whether you are a sole proprietor, or privately held business, partnership or incorporated, you can obtain company credit cards from Bank of the Ozarks. With a company credit card, you can reduce the time and expense associated with the procurement and processing of highly repetitive business purchases and expenses.

Benefits

A method to manage travel, entertainment and procurement expenses
Visa® & Mastercard® accepted world wide
Ability to categorize employee card use
Expenses can be paid one time monthly
No interest expense by paying full balance monthly
Ability to restrict and control certain purchases
Monthly statements
Electronic web-based statement reporting available
On-line access of account with the ability to make payments on-line

Direct Deposit

Direct Deposit allows companies to electronically send payment credits, through the Automated Clearing House (ACH), to the financial institution accounts of employees, retirees and annuitants. Direct Deposit is a proven method of automatically making recurring payments more rapidly and accurately, at less cost, and with more confidentiality than with paper checks.

Employer Benefits

Eliminates check reconcilement
No lost or stop payment fees
Eliminates critical delivery
Minimizes storage and security of checks
Eliminates vacation and special checks

Employee Benefits

Eliminates trip to the bank
No lost or stolen checks
Eliminates critical receipt from employer
No holds placed on deposits
Encourages saving
Funds deposited when sick or out of the office

Wire Transfers

Wire Transfer is the fastest and most secure way for your business to move funds electronically between financial institutions using the Federal Reserve Bank as agent with guaranteed immediate funds availability.

Benefits

Convenience and security
Same day money transfer
Same day funds availability

Zero Balance Accounts

A Zero Balance Account (ZBA) is an automated concentration of funds to and from any number of "subsidiary" accounts and linked to a "master" concentration account for accounting or funding purposes. Each business day, your excess cash in the subsidiary account(s) will be automatically transferred to your master concentration account leaving the subsidiary account(s) with a daily zero balance. When your subsidiary account(s) needs funds to cover checks or other debits, your master concentration account will automatically transfer the necessary balance to the subsidiary account(s) to cover all transactions and create a zero balance.

Benefits

Centralizes cash control
Eliminates excess balances in subsidiary accounts
Eliminates the need to transfer funds between accounts
Simplifies reconciliation and saves time

ACH Cash Disbursement

Cash Disbursement is a corporate electronic transfer of funds application, utilizing the Automated Clearing House (ACH). Cash Disbursement is a credit application for the electronic dispersing of funds from a company to a specified bank location.

Benefits

Funds disbursed on dates selected
Improves cash-flow forecasting and funds management
Provides 24 hour funds availability to outlying locations
Convenience of automated transfers
Reduces the need for expensive wire transfers