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Cash Concentration services from BB&T are designed specifically for companies with multiple deposit locations as well as multiple banking relationships. Using this service, a company can accumulate its cash resources into one combined, concentrated cash pool and minimize excess balances throughout its banking relationships. Pooling funds increases investment potential, decreases bank services charges, and can reduce the need to borrow.
| Cash Concentration |
| Convenient Processes |
- Can be initiated from a central location or from multiple remote locations
- Provides an organized method of controlling deposits made by multiple locations
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| Easy Access to Funds |
- Transactions initiated by 4:00 p.m. are transferred for next day availability
- Funds from local depository banks are concentrated at BB&T
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Reduced Costs |
- Eliminates the expense of wire transfers
- Increases investment potential and/or reduces borrowing needs
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