Lockbox Services

Simplify your accounts receivable process

Manually processing deposits can be time-consuming when you take into account the entire process- mailing, processing, and deposit times. First Choice Bank's Lockbox Service is an efficient solution to streamline your company's accounts receivable and outsource the handling of check deposits.

 

What is Lockbox Service or Remittance Processing?

First Choice Bank's Lockbox Service, or Remittance Processing, helps you speed posting of remittances. The Bank establishes a local post office box to which your customers can send their payments. Upon receipt, the Bank scans the received items and deposits the funds into the business' account. Each lockbox is unique and customized based on your company's needs.

 

Benefits:

  • Faster payment processing
  • Improved and streamlined accounts receivable
  • Improved staff productivity
  • Accurate and timely information

 

For more information, please contact First Choice Bank's Treasury Services Department at (877) 256-9809, Option 1.