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.