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| BB&T's Electronic Cash Disbursement service allows you to pay vendors and disburse funds with speed and security. Electronic Cash Disbursement allows you to transfer funds from your account directly to your payees. All disbursements reported before 3:30 p.m. Eastern Time will be transferred automatically through the Automated Clearinghouse (ACH) and credited to the recipient's banks the following banking day. Electronic Cash Disbursement can save money by eliminating the cost of checks and wire transfers, and by giving you greater control over the timing of transfers, reducing the risk of overdrafts. |
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| Electronic Cash Disbursement |
| How It Works |
- Your designated company representative reports the amounts to be transferred from your BB&T accounts to your payees
- Funds are processed through the ACH, a central facility that handles the transfer of monetary transactions between member banks and the Federal Reserve
- All disbursements reported before 3:30 p.m. Eastern Time will be transferred automatically through the ACH for credit to the recipient's banks the following banking day
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| Key Benefits |
- Provides a cost-effective and efficient method for disbursing funds
- Eliminates printing of checks
- Eliminates the cost of wire transfers
- Receiving Bank locations added quickly
- Reports can be made online or over the telephone
- Provides greater control over the timing of transfers
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| Complete Security |
BB&T's MAXX system offers security controls for various levels:
- Individual user
- Type of transaction
- Dollar limits by transaction type
- Secondary levels for approval
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| Convenient Reporting |
- BB&T's MAXX system provides report information by location and amount
- Clients are able to view ACH transactions on BB&T CashManager OnLine®
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| Contact us by Phone |
| For more information call BB&T Treasury Management at 1-800-810-5625 |
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| Send us an Email |
| Feel free to contact us by email |
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Copyright © 2009, Branch Banking and Trust Company. All Rights Reserved.
BB&T Complete Client Protection
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Branch Banking and Trust Company is a Member FDIC.
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