If your customers are mailing you payments, you can benefit from a lockbox. The most efficient way to collect payments owed to you, Lockbox Services from Customers Bank can streamline your collections by eliminating the internal costs of preparing checks for deposit and improving cash flow in your operations. Potential benefits may include:

  • Gives you faster access to your funds
  • May improve the productivity of your office staff
  • Virtually eliminates accounts receivables processing
  • Electronic reporting updates payment records automatically
  • Processes payments according to your exact specifications
  • Provides online reporting, image archiving, and exception item decisioning