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.