Collection Products

SpeedCollect for Retail

Citi SpeedCollect is Citibank's comprehensive collections solution. Citibank has developed SpeedCollect to help their customers address the traditional impediments associated with the collections process. SpeedCollect offers an efficient means of obtaining timely information and accelerating the collection cycle. SpeedCollect encompasses the entire accounts receivable function, with collections cleared quickly and credited promptly into the customer's account.

Through SpeedCollect Citibank offers cash deposit as well as due and post-dated check collection services at over 250 locations all over Pakistan, through special arrangements with our correspondent banks. Regardless of where a payment is made, Citibank has a sophisticated monitoring system in place to track and consolidate the payments. All credits are given in a single concentration account, thereby eliminating the hassle of maintaining and reconciling multiple collection accounts. Customers are insulated from having to deal with individual bank branches, as these details are handled behind the scene by Citibank. Citibank provides SpeedCollect customers with timely and accurate reports which help address reconciliation and internal control requirements and aid in receivable control and management. This information delivery forms an integral part of Citibank's cash management package.