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Business Banking |
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Cash Management Services |
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Lock Box |
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What
are Lock Box Services?
Lock Box service is defined as a service whereby
receivables to be deposited by customers are mailed
directly to a Center Bank post office box. Center
Bank retrieves the mail and the payments inside.
Center Bank then processes the payments and deposits
the funds directly into the company bank account.
Benefits of LockBox
Center Bank can recommend and customize Lockbox
Services to meet your business and reporting requirements,
taking into consideration the type and volume of
remittances you process.
Our lockbox services automate the collection and
reporting of your remittances and offer many benefits,
including:
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Access data at your convenience through
Web-based programs |
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Conveniently view images of payments and
remittance documents over the Web |
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Speed collections and streamline remittance
processing for improved cash flow |
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Improve staff productivity by automating
manual processes |
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Customized processing and online reports
provide information to improve control of |
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funds |
How it works
See how with our demo.
There are different lockbox services designed to
meet the specific needs of your business. Center
Bank can help you choose the best lockbox service
for your remittance volume and type.
For more information, please visit
the nearest Center Bank branch. You may also contact
Cash Management Services department directly at
1-800-788-4580. |
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