Barclays provides solutions that enhance the effective collection of account receivables and easy reconciliation of the same. This enables full optimisation of working capital and a reliable streamlined operation. The service consists of either single or multiple collection accounts with the following features;

• Countrywide access by depositors through any of our 48 corporate branches
• Unique personalised deposit vouchers with provision for entering depositor details
• Depositor details available on your electronic statement next day to enable you reconcile deposits made by third parties into your account
• Details to be entered shall be by prior agreement between yourselves and your clients.

In using our collection service your organisation will benefit from:-

• A wide reach wherever Barclays is present
• Faster collection of funds allowing for maximisation of returns
• Convenience and ease of banking as any corporate branch of Barclays is your branch
• Savings on clearing charges as cheques drawn on area of deposit are cleared as local items thus attracting no remittance commission.
• Comprehensive third party depositor details hence ease of reconciliation
• Powerful opportunities for automated reconciliation
• Less administrative involvement as you do not have to be on the ground