Third Party Depository Services Amegy Bank offers our Correspondent Banking clients a third party depository service. This effectively expands a Correspondent Banking branch’s network without the capital outlay for branch construction. The Correspondent Bank’s client can easily deposit funds at any of our branches. Once the funds are collected (generally one to two days), they will be available to our Correspondent Banking client for credit to their clients’ accounts through our Zero Balance Services. The Zero Balance sub-accounts are for deposits only, and there are no debit or cash back transactions allowed.
Private Label Lockbox One of the most critical areas of Cash Management is the timely receipt and collection of funds. Amegy’s Private Label Lockbox continues to be the most widely used and effective tool available for accelerating the collection of receivables. Private Label Lockbox services allow incoming payments (including credit card payments) to bypass your client’s corporate office and come directly to the bank. This process results in reduced mail time, accelerated processing time, and a quicker collection of funds.
Amegy Bank offers wholesale lockbox (business to business payments) and retail lockbox (consumer to business payments) in both Houston and Dallas locations. We offer the flexibility to accommodate the special handling needs your clients may require.
Amegy has well-defined quality standards at every phase of the process: mail pick up and sorting times, deposit times, processing accuracy, and reporting times. Amegy offers your company the products, the technology, and the sophistication of the larger banks matched with the service responsiveness that only a smaller bank can ensure. It is the best of both worlds.
Image Cash Letter Over the past several years, Amegy Bank has developed one of the industry’s most complete and technologically advanced operations with a strong emphasis on Image Cash Letter processing. By eliminating the paper processing, Image Cash Letter extends your process deadlines and improves your funds availability.
Amegy provides image cash letter through our process affiliate, Net Deposit. Our Image Cash Letter services facilitates a secure electronic exchange of check-related data and images by processing standard formatted files (ANSI X9.37) received from Correspondent Banks for the purposes of electronic check presentment or as Image Replacement Documents.
