With First Tennessee's Wholesale Lockbox, incoming payments are automatically collected, processed, and deposited into your account on an on-going basis. And with better access to your money, you'll have greater fiscal strength and flexibility.
Our Wholesale Lockbox offers a 24-hour, fully-automated remittance process. Payments are received through a unique billing address provided by the bank within a priority zip code. Remittance payments are qualified based on business rules provided by you. The deposits are made directly to your account. First Tennessee offers premier mail collection sites and an excellent check clearing network, designed to provide the best funds availability. Our image-based transaction process provides you real-time remittance detail.
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