Optimize funds availability by maintaining a single master account for multiple business locations.
Statewide Deposit Plus Accounts make it easier and more convenient for you to track your deposits to your First Tennessee accounts from multiple store or office locations across multiple states, effectively improving cash flow.
Allows individual store or office locations with First Tennessee accounts to make deposits by customer location and then have those deposited funds concentrated into a single master account
Each store location is included in all electronic balance reporting data
A single periodic (daily, weekly or monthly) statement is provided with the activity identified by location
Improved control and security – account provides an independent record of activity at each location and a master account for centralized funds management
Accurate and timely information – your account information is reported daily in a single BAI file with transactions identified by location
Increased efficiency – the ability to track deposits by store location number decreases extra work required when this service is not in place
ACH Positive Pay
Make immediate pay/no pay decisions on ACH debit activity to minimize potential fraud.