Discover the Benefits of BB&T Lockbox Services
Learn about the benefits of BB&T lockbox services
[MUSIC PLAYING] Do you wish accounts receivable could post payments faster and processing kept moving after business hours? Do you wish incoming checks and invoices were imaged for easy access? Are you looking for ways to positively impact your working capital?
We understand, and there's a way to connect it all, an extension of your accounts receivable department, reduced administrative expenses, as well as improved flow for your business. Welcome to BB&T Lockbox services. It's the smartest system for processing consumer or trade payments, not just because of the automation, but for the personalization.
Our trusted and experienced consultants will tailor BB&T Lockbox to fit your needs. At one of the nationwide BB&T Lockbox sites, you let our expert staff open the mail, process each transaction according to your instructions, and deposit your money into your account fast. Our system is engineered for processing high-dollar, wholesale payments, or a high volume of retail payments, quickly and securely.
BB&T Lockbox maximizes payment processing speed, efficiency, and accuracy. It minimizes costs and optimizes cash flow. What's more, automated check handling reduces the risk of fraud and human error. It's amazing how an improved working capital position improves, well, everything. You can improve servicing, pay down credit so you can save on interest expenses, and save money by redeploying your accounts receivable staff.
All this makes BB&T Lockbox the ultimate extension of your accounts receivable department, a powerful combination of precision processing, service, and support. With everything BB&T Lockbox does to give you faster access to funds, it's the key component to streamline your overall receivables management system. And rest assured, we understand that one size doesn't fit all. That's why one of our expert consultants will sit down with you to design the best solution, and make custom recommendations on just what BB&T Lockbox can do for you-- BB&T Lockbox Services.
The information provided is not intended to be legal, tax, or financial advice. BB&T hopes you find this information useful but we cannot guarantee that it is accurate, up to date, or appropriate for your situation. Financial calculators are provided to assist you in estimating the approximate costs associated with any bank activity. Your actual costs may vary. You should consult with a qualified attorney or financial advisor to understand how the law applies to your particular circumstances or for financial information specific to your personal or business situation.
Branch Banking and Trust Company, Member FDIC.
New York City residents: Translation or other language access services may be available. When calling our office regarding collection activity, if you speak a language other than English and need verbal translation services, be sure to inform the representative. A description and translation of commonly-used debt collection terms is available in multiple languages at www.nyc.gov/dca.
Branch Banking and Trust Company is now Truist Bank. Learn more.
BB&T and SunTrust have merged to become Truist. Both institutions will continue to offer independent product lines for a period of time. This may include differing underwriting guidelines, product features, terms, fees and pricing. Our friendly teammates at your local SunTrust branches will be happy to walk you through their respective products. You can also learn more by contacting them at 800-SUNTRUST or SunTrust.com.