Payables and Receivables Solutions at Fifth Third Bank

Cash Management Solutions

Gain greater control of your cash flow

From helping you collect funds faster to mitigating cash handling risks, we offer a full menu of solutions to help you manage your cash and payments with greater efficiency. 

For more information or to tailor solutions to your business needs, please contact your Relationship Manager.

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  • Liquidity management
  • Receivables
  • Payables
Liquidity management

Manage excess cash with liquidity management solutions.

Zero Balance Accounts (ZBA)

Automatically and cost-efficiently consolidate deposits made at any Fifth Third location into a single concentration account. ZBAs enable you to effectively manage your daily cash position by reducing excess balances while retaining distinct information and audit trails on transaction activity.

Investment Sweep

Maximizes excess balances by automatically sweeping those balances into a short-term, interest-earning, investment vehicle.

Credit Sweep

Collected funds in excess of a pre-determined target balance are automatically swept out of any checking account and are used to offset an outstanding loan. Additionally, funds if available can be drawn down on the loan to fund the balance needs of the checking account when applicable.

Receivables

Manage income with receivables solutions.

 

Cash Vault Services

Maximizes safety, convenience, accuracy, and efficiency through a streamlined method for cash processing with over 100 vault locations. Cash Vault Service aligns best for businesses that handle large volumes of currency and coin and utilize armored courier services.

Currency Processing Solution (CPS)

Helps automate the overall cash-handling process, from payment collection to deposits to crediting the account. Provides daily provisional credit, delivering faster access to funds (even while cash is still in the safe) in a managed service solution.

ACH Receivables

Collect funds from your customers through the ACH network directly into your bank account. Process internet payments or convert paper checks to electronic funds transfer.

Lockbox

Enables your customers to send payments to one or more post office boxes. Our operations teams will collect and deposit the payments into your company’s account. Then, we’ll send reporting to you to update your accounts receivable records.

Biller Direct

Our electronic bill presentment and payment solution enables you to accept payments online, by phone, or via mobile device.

Return Management Solutions

  • Returns Management: This online module through Fifth Third Direct that enables you to view current and historical return items in detail.
  • Paper re-presentments: Collects the value of the check by redepositing a second time.
  • Check Recovery: A no-cost service for Business Banking customers, where ChecXchange strategically represents items as RCK, wherever possible, to collect the face-value of the check.
Payables

ACH Payables

Used to electronically make payments. Ideal for repeat payables, such as supplier payments, employee payroll, shareholder payables and tax obligations.

ViewPost

Receive invoices and send payments electronically to your suppliers who enroll on the ViewPost network.