BBVA Compass' lockbox services enable your company to receive, process and deposit work much more quickly than handling in a manual environment. Our automated solutions enable your company to streamline your remittance processing so information can be readily accessed much earlier in the processing day.
You choose the processing options that best suit your company's needs and let BBVA Compass' Wholesale Lockbox service enhance the quality of processing and customer service. Since we deposit the checks for you, you gain additional audit controls due to the further separation of the depositing and account posting functions.
In addition, our Lockbox Imaging Services enable you to receive images of your checks and related invoices via BBVA Compass Lockbox CD ROM/DVD or online via Compass e-Access® Enhanced Lockbox Reporting module. Should your company already have an enterprise archive, Compass can transmit data and images directly to you.
BBVA Compass' Wholesale Lockbox service eliminates mail, receipt and processing of receivables in your office, allowing for more effective use of your staff. Deposits are made promptly and your need for expensive remittance processing technology is eliminated.
You can accelerate cash flow and ensure timely deposit of payments. Wholesale Lockbox also reduces mail, processing and check collection float.
Specifications and Availability
BBVA Compass has lockbox sites in:
- Birmingham, Alabama
- Dallas, Texas
- Houston, Texas
- San Antonio, Texas
- Tempe, Arizona
We have several processing packages to choose from, and some customization is available.