Lockbox Services
Ready When You Are
Our Wholesale Lockbox offers a 24-hour, fully automated remittance process. The deposits are made directly to your account. Bank3 offers premier mail collection sites and an excellent check clearing network designed to provide the best funds availability. Our image-based transaction process provides you real-time remittance detail.
Product Benefits
- Saves money as Wholesale Lockbox automates the process of remittance delivery, speeds money to your account and eliminates hours of manual entry by uploading to your A/R database all necessary support data needed for your accounts receivable posting.
- Your funds will be available sooner as we will make the post office pick-up each day, night and weekend meaning your remittances never sit idle. And our efficient payment processing capabilities help reduce mail and check-clearing time and maximize funds availability.
- You will have greater control because Wholesale Lockbox allows you to separate the processes of billing and posting receivables to improve internal audit controls. You can also improve research and customer service capabilities with the electronic transaction image file generated with Wholesale Lockbox.