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Money This forum is for support with financial issues.

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TigerTank77 Offline
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Money Question - April 11th 2009, 11:15 PM

Ok, so my college sent me a check from a Controlled Disbursement Account.

Some questions to anyone who can answer them.

One- What the hell is a Controlled Disbursement Account?
Two- Is it safe to cash?


Often I lie wide awake, thinking of things I could make.
But I donít seem to have the parts to build them.
I am so scared of what will kill me in the end, for I am not prepared.
I hope I will get the chance to be someone, to be human.





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Katrina Offline
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Re: Money Question - April 11th 2009, 11:29 PM

<3 Google.

Quote:
Controlled Disbursement Account service is a check presentment service designed to help you minimize idle balances and tighten account management with minimal administrative involvement. The Controlled Disbursement service provides early same-day notification of your check clearing totals, allowing you to precisely fund disbursement activity, enhance investment opportunities or reduce borrowing requirements.
So it looks like it's basically something to help you pay for the little stuff you're having to pay for in college? You should ask around - see if everyone at your college got one or just some people. Then, maybe you could go talk to the Office of Financial Aid? You know something's fishy when your college starts giving out free checks, since those don't exist. I dunno why I'm answering this. I have no idea, but I dunno why they'd send you a check with the intent of making you pay more later. Was there any fine print included? Good luck!



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TigerTank77 Offline
Rage is the best anesthetic
I've been here a while
********
 
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Name: Ben
Age: 28
Gender: Male
Location: NY

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Re: Money Question - April 12th 2009, 03:02 AM

Haha, thanks. I sent an email in, hopefully I'll get a response sometime this week. Got shit to buy


Often I lie wide awake, thinking of things I could make.
But I donít seem to have the parts to build them.
I am so scared of what will kill me in the end, for I am not prepared.
I hope I will get the chance to be someone, to be human.





  Send a message via AIM to TigerTank77 Send a message via MSN to TigerTank77 Send a message via Skype™ to TigerTank77 
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