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Our disbursement services offer efficient and low-cost corporate checking to our members.

Zero-Balance Disbursement Accounts
Checks are cleared through a zero-balance account that is funded automatically for the precise amount needed from your IDEAL Way account. Fees on Zero-Balance Disbursement accounts are highly competitive and have no minimum balance requirement.

Automated Reconcilement Services
FHLB Boston offers a variety of automated reconcilement service plans to meet your needs. The plans range from the basic monthly statement to a comprehensive analysis of paid and unpaid activity. Both the paid and consolidated plans provide members with a stop payment report and an exceptions report.  These accounts can be serviced weekly, semimonthly, or monthly.

• Basic Plan - Members receive a statement providing a detailed list of checks paid by date and paid in sequential order.

• Paid Plan - Checks are monitored as they clear every day. At your desired cut-off time, a reconciliation report is generated listing checks paid in sequential order and gaps in sequence. Checks are sorted in serial number sequence.

• Consolidated Plan - Similar to the basic plan, but also tracks outstanding checks by comparing paid against issued data. This service requires submission of check information (check copy, magnetic media) from the member. By using the consolidated reconciliation service, members can maintain the integrity of their checks and retain a full audit trail of outstanding items. Your checks are sorted in serial number sequence.