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For businesses that receive a large volume of payments or large-denomination checks accompanied by remittance documents, a Lockbox arrangement can streamline collections and payment processing.


With Lockbox, your customer's payments are re-directed to a special post office box, instead of going to your place of business. From there, payments are retrieved, processed, and deposited into the account of your choice - all without lifting a finger.


Key Benefits

  • Substantially lower internally processing costs
  • Speed up collections
  • Quickly convert receivables into cash 
  • Increase control and efficiency in receivables management
  • Improve audit controls and data security
  • Enhance reporting

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