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For Customer Support:
1-800-285-1709
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CHALLENGE
You want to maximize the return on your bank balances, but need to ensure that your account is adequately funded for your outstanding payables.
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SOLUTION:
Controlled Disbursement Account
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We notify you daily of checks that will clear that day. Because you need only fund this predetermined amount, remaining balances are available for other uses. |
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SOLUTION:
Cash Concentration
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Consolidates funds from multiple accounts into a single account, improving control of idle balances and enhancing cash forecasting. |
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SOLUTION:
Online Investor
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Invest excess liquidity in a range of short-term investment products, without fees or service charges. Investment options include:
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Commercial Paper: An unsecured short-term investment.
Term: Overnight - 270 days
$100,000 minimum investment
Offer Citicorp, General Electric Capital Corporation, American Express Credit Corp., Prudential Funding Corporation
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Government Repurchase Agreements: Fully secured. Backed by US Government Securities.
Term: Overnight - 1 Year
$100,000 minimum investment
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Nassau Time Deposits: Unsecured obligations of Citibank N.A., bearing the sovereign risk of the Commonwealth of the Bahamas.
Term: Overnight - 1 year
$100,000 minimum investment
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BENEFIT
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Enhances control of decentralized operations. |
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Helps forecast funds availability. |
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Allows investment of excess balances in a wide range of short-term investment products. |
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Accelerates the daily cash forecasting function. |
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Enables account reconcilement and helps reduce the risk of fraud. |
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