Controlled Disbursement Account (CDA)
Any idea what it will take to fund the checks that will clear your account today? Huntington’s Controlled Disbursement (CDA) service eliminates the guesswork. Manage available funds by knowing exactly how much of your cash on hand needs to be available for pending checks to clear.
Benefits of Huntington's Controlled Disbursement Account
Spend more time managing your business by eliminating the guesswork that comes with a high volume of disbursement checks with large dollar amounts:
A unique routing number on your checks enables the reporting of presented items to you by 9:30 a.m. EST.
Reporting is available through Business Online.
Information can be sent to you via direct transmission as data or image file.
Controlled Disbursement provides early visibility into your funding needs allowing you to make key investment or borrowing decisions and finalize your cash position much sooner.