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TURN
RECEIVABLES INTO USABLE FUNDS MORE QUICKLY
Reduce the time
it takes to turn your receivables into usable funds and improve
your cash flow with California Bank & Trust’s Wholesale
Lockbox Service. Let CB&T’s cash management staff
analyze your remittances to determine whether one or more lockboxes
will benefit your receivables operation, and where these collection
points should be located for greatest efficiency. With a CB&T
Wholesale Lockbox deposit network:
- Your customers
mail their payments directly to a post office box rented in your
company’s name.
- Each day
your mail is collected, processed, and deposited to your CB&T
checking account for same-day ledger credit.
- Deposit
information is available to you by fax or phone, as well as online
via CalBank Network.
- Information
for updating your receivables is forwarded to you using the method
you choose – data transmission, diskette, or hardcopy report,
with overnight delivery available.
Advantages of CB&T’s Wholesale
Lockbox Service:
Improved
Cash Flow since your payments are processed and your deposits
are posted more quickly through automation.
Reduced
Processing Time because specialized personnel handle remittances
quickly, while you eliminate staff time associated with opening
mail, processing payments, and preparing deposits.
Flexible Reporting with daily access to deposit
amounts, funds availability, and payment information.
Equal Housing Lender | Member FDIC | Preferred SBA Lender
Copyright (c) 2008 California Bank & Trust
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