- Home
- Meet the Team
- Log In
- Contact
- Careers
- Search
- Search Results
- Branches & ATMs
- Rates
- Log In
- About MCU
- Join MCU
- Personal Banking
- Lending
- Credit Cards
- Lending Services
- Insurance
- Member Resources
- MCU Financials
- Forms and Disclosures
- Privacy Policy
- Automated Telephone Banking
- Order New Checks
- Security & Fraud Alerts
- Privacy Notice
- Schedule an Appointment
Disbursement
The release of funds from an account for the purpose of making a payment or meeting a financial obligation.
More Details
A disbursement is the act of paying out or distributing money, often from an organization or a financial institution. Disbursements can be made in various forms, such as cash, checks, or electronic transfers.
Example
Your employer makes electronic disbursements to your bank account in the form of direct deposited paychecks.
Related Terms
Stop Payment
A request made by a financial institution to cancel a check or payment that has not completed processing, typically prompted by the account holder.
Direct Deposit
A method of electronically transferring funds from an organization, such as an employer or government agency, into an individual's bank account.
Available Balance
The amount of money that is currently accessible in an account and can be used for transactions.