Lockbox
Looking for ways to streamline accounting and eliminate trips to the bank? Lockbox Service from Midwest BankCentre accelerates payment posting and collection while improving your receivables process.
Here’s How It Works
Your customers mail payments and supporting documents to a secure post office Box.
We collect and process the checks.
The funds are automatically deposited to your account the same business day. It’s that easy!
Lockbox benefits:
Improved Cash Flow
Accelerating the collection process increases your working capital and allows faster access to the funds.
Reduce Overhead Costs
Payments are processed faster and errors are reduced.
Better Security and Safety
Decrease the potential for theft, fraud, and error.
Other available services:
Wholesale Lockbox
Ideal for businesses that process high-dollar, low-volume transactions.
Retail Lockbox
Best for businesses that process a higher volume of payments.
Property Management Lockbox
Designed for community associations and property management companies.
Could Lockbox help your business?
Please share a few details and a Midwest BankCentre Trusted Advisor will be happy to assist you.
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