First Tennessee’s Low Volume Lockbox provides customers with low volume, high dollar payments the opportunity to take advantage of some of the streamlined features of our traditional Wholesale Lockbox with a low fixed monthly rate when your volume is under the established threshold. Let First Tennessee help you create operational efficiencies and expedite the posting of your receivables.
Our Low Volume Lockbox offers a fully-automated remittance process. Payments are received through a unique billing address provided by the bank. Remittance payments are qualified based on business rules provided by you. The deposits are made directly to your account. Our image-based transaction process provides you real-time remittance detail.
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