Treasury Management Services
BBVA Compass' Image Cash Letter
Your business can take advantage of Check 21 legislation by automating the preparation and delivery of your check deposits to the bank. Ideal for companies with centralized in-house receipts processing with the ability to capture/transmit MICR and check images, Image Cash Letter will:
- Reduce transportation costs
- Streamline back-office procedures
- Provide the convenience of a later deposit cutoff time
- Provide for faster notification of returned items based on faster deposit time
Efficient
- Save time by eliminating the need to make regular trips to the bank to deposit checks
- Work at your convenience. Deposit deadline for same day ledger credit extended to 8:30 p.m. Central Time, enabling you to process deposits after hours
- Deliver your deposits to BBVA Compass through a secure electronic connection
Cost Effective
- Consolidate redundant operations, streamlining your deposit reconciliation process
- Reduce costs. Centralized deposits may result in larger balances to offset fees
- Deposit funds into a single account, eliminating time intensive concentration efforts
