Collect payments efficiently and effectively.
Business receivables solutions from Simmons Bank
Receivables solutions
Your business' health relies on accurately managing incoming cash flow. Our receivables solutions will help your business stay on track by allowing you to collect and deposit funds safely and efficiently.
Our services
Remote Deposit
Simmons Bank's remote deposit service helps you save time and money by electronically depositing checks received without ever leaving your office and when it is convenient for you.
Lockbox services
Lockbox service is designed to reduce mail and check collection float associated with your payments received in the mail. It can also significantly reduce the time and expense of processing these payments by your employees. Payments are picked up at the post office by the bank, opened and processed according to your specifications and funds are deposited into your account by the bank the same day.
ACH debits
Simmons Bank's ACH debit service enables your company to collect funds from your customers from your customers or from outlying banks - including same day ACH service - giving you more control of cash flow with predetermined payment and settlement dates.
Merchant services
Simmons Bank card solutions provides credit and debit card processing for businesses through our processing partners. Being direct processors with all the major card brands, our partners have access to wholesale rates paired with the best service in the industry. The program supports all major payment types such as MasterCard®, Visa®, Discover®, PayPal®, American Express® and debit cards, with quick and reliable next day funding to your Simmons Bank account.
Commercial Vault Services
If handling cash is a large piece of your business, Cash Vault Services are a great solution to reduce risk and make the process more efficient. Simmons Bank partners with armored car vendors to provide scheduled pick ups of coin and currency deposits and the delivery of change orders, which can be submitted online. Reduce your cash float even further by using an approved SmartSafe.
SafeSafe is an integrated solution for retail and commercial clients who routinely handle cash that helps eliminate gaps in the cash-handling process. Simmons Bank partners with Loomis to offer this product to our clients. Once cash is validated into the SafePoint safe, it is as good as money in the bank. Deposits are counted, logged and secured until an armored carrier comes to collect them. When coupled with Loomis Direct, our proprietary online account management solution, clients can track and manage every step of the process safely and securely, 24 hours a day, 7 days a week.