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| Transform your company's incoming receivables into usable cash with maximum speed, efficiency, and accuracy. If your company receives high dollar corporate-to-corporate payments, BB&T's Wholesale Lockbox Service can substantially streamline your accounts receivable function reducing mail, processing, and check clearing float time while providing your company with faster funds availability.
BB&T's advanced imaging technology allows you to view images of checks, coupons, and invoices securely online while also providing the ability to view archived images on CD-ROM or DVD.
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| Wholesale Lockbox |
| Improved Mail Times |
- Unique ZIP code reduces mail float time*
- Multiple daily mail pickups
- Immediate delivery of incoming payments to our lockbox operations center for processing
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| Fully Automated |
- Your payments are imaged as your mail is received
- Payment data is captured according to your setup instructions
- Funds are deposited to your account
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| Multiple Service Options |
Service options include:
- Data entry of remittance detail and transmission
- Foreign check processing
- Credit card processing
- Customized options
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| Easy Access to Images and Data |
- Daily images viewable over the Internet
- Same-day, online access to checks, invoices, and reports
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| Receivables Updating |
Comprehensive accounts receivable updating through direct transmission, including:
- Same-day lockbox deposit total
- Detail reporting of magnetic ink character recognition (MICR) capture from checks
- Data entry from checks and invoices
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| Wholetail Lockbox |
- Supports receivables invoice documents that are a mix of traditional wholetail invoice payments and classic check/coupon retail payments
- BB&T offers wholetail processing using image, optical character recognition (OCR), and page scanning technology
- Includes image data entry for non-scannable documents
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| Web Exceptions |
- View and accept or reject exception transactions online
- Provide missing remittance detail online
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| *Available in some locations |
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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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