RECEIVABLES

What you can do

Automate the process of collecting recurring payments from customers:

• Paperless and more timely way to collect repetitive customer payments
• Provide convenience to customers
• Receive an accurate and complete record of all ACH transactions
  
  

How it works

• Payment initiation—Obtain written authorization from your customers to debit their bank account via ACH.
• Payment processing—Originate an ACH debit file and transmit it through ANBTX for processing.
• Funds availability—All collected funds will be deposited into your account on the settlement date.

What you can do

Automate and expedite paper check deposits

• Scan checks in bulk
• Create balanced deposits quickly and accurately
• Extend your banking day until 6pm CST
• Save check images

How it works

• Prepare—Add up the total amount of your checks for deposit. Checks are virtually endorsed.
• Scan Checks—Place checks into scanner to create front and back images.
• Verify—Confirm and reconcile any differences between scanned checks and your control total.
• Submit—Transmit balanced deposit to ANBTX for processing and receive a deposit confirmation email.

What you can do

Reduce mail handling, in-office processing, and accelerate cash collections.

• Wholesale Lockbox— typically for low volume, high dollar payments often accompanied by invoices, coupons, and other documentation
• Retail Lockbox—typically for higher volume, low dollar consumer payments and remittance coupons that contain Optical Character Recognition (OCR) lines
  
  

How it works

• Set-up—We obtain a unique P.O. Box number for your business. You provide that P.O. Box address to your customers. (Your unique P.O. Box and zip code reduces mail times.)
• Processing—As payments are received, they are systematically passed along to our lockbox team and processed––opened, extracted, sorted, and deposited. This happens several times a day as needed to keep up with your payment volumes.
• Funds Availability—As your payments are processed, funds are deposited directly into your ANBTX account.  Images, daily batch reports, and remittance data can be viewed online.