Our Lockbox Services turn your receivables into cash, while keeping mail and check clearing float to a minimum, and improving your business’ cashflow. Regardless of your company’s size or payment volume, you could benefit from our Lockbox Services.
Through the use of Lockbox Services, your customer’s remittances are deposited into your account faster than with more traditional deposit methods.
Lockbox deposits are sent to a unique ZIP code, which are picked up every 4 hours directly from the post office, 24 hours a day, seven days a week. They are then scanned, processed and deposited to your account, automatically. Lockbox Services reduces the need to process remittance mail, prepare daily deposits and make a trip to the bank. This enables office staff to attend to other duties.
- Custom Deposit Reports
- Accounting Program Integration
- Increased Efficiency
- Faster Funds Availability
- 24/7 Deposit Processing
- Custom Pricing
To learn more about our Lockbox service, please call our Cash Management Department toll-free at 866-499-BANK (2265) or visit any of our many branches throughout the Chicagoland and Northwest Indiana area.