LockBox/Remittance Banking

If your company receives large payments from customers through the mail, our lockbox service can help your company reduce costs and improve cash flow. We reduce your clerical time and expense by processing your receivables, speeding collection, processing and clearing of your customer’s payments. Lockbox adds an additional level of dual control by completely segregating duties of preparing deposits and posting Accounts Receivable entries.

We establish a special P.O. Box as a mailing address for all of your accounts receivable payments. Our Lockbox processor opens the mail received and processes the payments according to your detailed and customized instructions. You receive same-day notification of all payments received via your choice of email, fax or on-line access.