Disbursements

Disbursements can reduce costs associated with disbursing funds to vendors, employees, and investors, and help reduce fraud.

- ACH Origination: Disbursement
- Controlled Disbursements
- Direct Deposit of Payroll
- Wire Transfers
- Zero Balance Accounts
- Health Savings Accounts

• Automatic payments to your authorized customer accounts.
• Improves cash flow forecasting, since you will know in advance when cash disbursements will be made from your Johnson Bank account.
• Enables you to take advantage of discounts, make short-term investments.
• Minimize borrowing time and cost savings related to printing, processing and security control of checks.
• Can potentially reduce check fraud losses.

• The total amount of checks presented for payment on your disbursement account is reported to you via Johnson On-line Cash Management.
• Get same day notification of clearing totals.
• Eliminate the need to keep extra cash in disbursement accounts while waiting for checks to clear.
• Increase earnings, or reduce borrowings, by using surplus cash for short-term investments or to pay down loans.

Direct Deposit
Whether your business has 10 or 100,000 employees, you can save your company money, improve productivity, and provide a popular employee benefit with direct deposit.

Direct deposit with Johnson Bank allows you to deposit your employees’ pay automatically into your employee's account via the Automated Clearing House (ACH) network. This provides your employees with a safe, reliable and convenient method to receive their pay; and your business will enjoy increased productivity and cost savings.

While your payroll system may already have the ability to convert a payroll file to direct deposit, Johnson Bank also has PC-based and Internet-based solutions available. Direct Deposit reduces administrative costs by eliminating unnecessary steps, such as: printing paper checks, signing checks, stuffing into envelopes, delivering checks to various locations for distribution, reconciling bank statements, reissuing lost or stolen checks, issuing stop payments, etc.

Wire Transfers
With Johnson Bank's Wire Transfer Service you can initiate domestic and international transfers through Johnson Online Cash Management or by telephone. Because you can transfer funds quickly, you can maximize the use of your funds for investment or debt paydown purposes.

Zero Balance Accounts (ZBA)
Eliminate the need to manually fund disbursement accounts with multiple transfers and still segregate different types of payments such as payroll, dividends, and accounts payable. A Zero Balance account also gives you the ability to track and consolidate deposits that are in multiple accounts to your main operating account. The balances in your ZBA accumulate on a daily basis. However, at the close of business, a single debit or credit entry is made to the ZBA, bringing each ZBA to zero.

ZBA activity is reported clearly on your monthly bank statements. Plus, with Johnson On-line Cash Management, see your zero balance transactions anytime.