- Designed specifically for companies with multiple deposit locations and multiple banking relationships
- Company accumulates its cash resources into one combined, concentrated cash pool
- Excess balances are minimized throughout the company's banking relationships
- Pooling funds increases investment potential, decreases bank services charges and can reduce the need to borrow
- 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
- Easy-to-access funds
- Transactions initiated by 4 pm are transferred for next-day availability
- Funds from local depository banks are concentrated at BB&T
- Reduced costs
- Eliminates the expense of wire transfers
- Increases investment potential and reduces borrowing needs
Ready to get started?
Have a Treasury Management representative contact you.