Account Reconciliation

Save time and get timely and accurate information by letting Fifth Third Bank reconcile your accounts.

Our sophisticated electronic services balance accounts for you—quickly and effectively. We generate comprehensive reports containing the data you need most—all of this using efficient computerized services to help minimize your fraud risk.

With Fifth Third Bank Cash Concentration, you can count on:

  • Help mitigating idle funds at outlying bank branches—thanks to consolidated balances.
  • Increased availability of working capital.
  • Improved cash flow information and control.
  • Additional capacity from systematically sweeping balances to a master account.

Every business is unique, so we offer two plans to reconcile your accounts: Partial reconcilement and full reconcilement.

Partial Reconcilement

This service helps you receive accurate check clearing information through a paid item report. We will review the check numbers of clearing checks and reconcile your account on a daily and monthly basis.

Full Reconcilement

This fully automated option provides detailed information on both paid and outstanding checks. You simply send us an electronic file of your issued checks and we reconcile the account daily. At the end of the month we produce bank statements that show which checks have cleared and which have not.

Detailed reconciliation reports are available through our advanced account management portal, Fifth Third Direct, or by direct transmission.

Controlled Disbursement

Minimize idle balances, put excess funds to work, and avoid needless borrowing with Controlled Disbursement, a smart and powerful money management technique.

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