Low-Volume Lockbox
A better fit for low-volume receivable processing.

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.

Product benefits

  • Enhanced Efficiency – Low Volume Lockbox automates the process of remittance delivery, freeing time for other duties
  • Faster Funds Availability – reduced mail and check clearing time gives you access to funds sooner
  • Reduced Cost – with up to 200 transactions/month, you can take advantage of the lower fixed cost associated with Low Volume Lockbox
  • Online Access – no more paper! With our secure Lockbox Image Archive Application, you will have access to your remittance and correspondence transactions and your daily reports online

How does it work?

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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