New BB&T Vault360(SM) Safe Solution provides businesses a secure, convenient, cost-effective way to manage cash deposits nationwide

WINSTON-SALEM, N.C., Sept. 15 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) today launched a new deposit service that allows commercial clients to accelerate funds availability, improve security and streamline their banking relationship.

BB&T Vault360 Safe Solution, designed for cash-heavy clients who use an armored courier to pick up and deliver deposits to BB&T, provides 360 degrees of safety and coverage anywhere in the continental United States.

"Managing business operations and maintaining multiple banking relationships in many parts of the country can be complex," said John Sherry, BB&T commercial deposit products manager. "BB&T's Vault360 Safe Solution provides improved onsite currency handling and daily cash deposit credit regardless of courier pickup frequency through BB&T's relationship with any of three top national armored courier services."

Commercial businesses can realize several benefits from the service. It can help them:

• Identify all transactions by store or location and reduce monthly reconcilement efforts and expense.
• Save money by reducing monthly processing expenses.
• Accelerate funds availability of cash deposits as these funds are electronically credited to BB&T from clients' locations throughout the U.S.
• Provide a consistent and predictable cash flow independent of courier pickup frequency.
• Improve employee safety and asset security by eliminating trips to the bank, thus decreasing the chance for robbery.
• Streamline multiple banking relationships into one with BB&T.

"The Vault360 service uses a cash-management safe that is delivered and installed by the courier service.  The safe has a built-in bill reader that counts currency as it's fed," Sherry said. "This feature enables clients to receive real-time balance information at the cashier level and reduces the time required to handle cash. Deposits are credited to the client's account daily and the contents of the safe are collected by the armored courier."

BB&T's Vault360 suite also offers additional products including:

• Direct Delivery Processing – armored courier delivery of deposits to a secure BB&T-affiliated cash processing center.
• Special Needs Deposits – for those who process bulk cash and coin deposits that can't be handled at a financial center, special deposit reporting needs or envelope processing.
• Change Order Deliveries – coordinated delivery of coin and currency to the client's location via armored courier.

For more information about BB&T's Vault360 suite of products, visit www.BBT.com/vault360.

About BB&T

BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with more than $155.1 billion in assets and market capitalization of $18.2 billion, as of June 30, 2010. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at www.BBT.com.

SOURCE BB&T Corporation

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