Disbursements & Receivables

Manage transactions in an easy and efficient manner with our disbursements and receivables services. We’ll help you transfer funds to and from employees, consumers, other businesses, and other bank accounts with simple solutions.

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With Community Trust Bank's suite of disbursement services including direct deposit and disbursement reporting, you can maximize the efficiency of each business transaction. 
  • Controlled Disbursement Reporting: Controlled disbursement reporting is designed to provide current disbursement totals early each day so your corporate headquarters have the opportunity to make funding decisions. 
  • ACH Origination Services: The ACH system is a nationwide network of banks and financial institutions capable of sending and receiving electronic payments on behalf of participating companies securely and efficiently.
  • Lockbox: Our lockbox services allow you to utilize a special post office box for the collection of your receivables with hourly pick-ups throughout the weekday mornings.  
  • Remote Deposit Capture: Our remote deposit feature allows you to convert paper checks into electronic images that can be deposited online, thus enabling funds to move quicker. Read customer testimonials to see how successful businesses use this service, and contact us to get started.
  • Direct Deposit Payroll: Automatically credit employees’ payroll to a checking or savings account at almost any financial institution with our direct deposit payroll service. 
  • Payroll Cards: Our payroll cards enable you to offer a direct deposit option for employees who do not want or may not qualify for a bank account. Their pay is loaded onto a Visa secure stored value card.  
  • Merchant Services: Community Trust Bank partners with Community Bankers Merchant Services to give customers access to the latest authorization and payments processing technology and functionality, as well as extremely competitive discount rates. Our merchant services solutions include EMV compliant traditional equipment, mobile processing options, point-of-sale systems, eCommerce tools, and electronic check truncation services. Increase sales, expand your payment options, and give your customers flexibility by accepting all major credit cards.
  • Commercial Cash Vault Services: Take advantage of our cash vault and reduce employee risk by using an armored car to transport funds to and from the bank. Streamline reconciliation and reporting with online access.  You will have the ability to place orders easily for coin and currency and have them delivered directly to your office.
  • Online Bill Pay Services: Freedom to pay bills online without having to write checks. You can schedule recurring payments, schedule payments to multiple payees and expedite payments at the click of a button. You can also review pending payments along with payment history. Capabilities to sign up to receive e-bills is also an option.
  • Wire Transfer: Use the Wire Transfer services to initiate and receive wire transfers through your business account. Secured outgoing transfers can be submitted through our wire transfer department, in person at any of our branches or by using ctbonline.com.