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Home / Business / Treasury Management / Lockbox Services

Lockbox Services

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Lockbox services provide quicker access and posting of your customer payments into usable funds.

With our Lockbox service, your customers send payments to a Michigan based post office box where the payments are collected and processed immediately according to your instructions.  Payment and remittance documentation is then delivered to you via a transmission or email.  Wholesale, OCR (optional character recognition) and Virtual Lockboxes are available.

FEATURES AND BENEFITS:

To learn more please email us, call Treasury Management at 866-372-1275 or stop in at any branch.
  • Accelerates collection of funds
  • Eliminates time and cost of trips to bank
  • Eliminates data keying of receivable information
  • Strengthens internal audit controls by separating invoicing from remittance
  • Michigan based processing site
  • Virtual lockbox provides electronic images of checks and remittance information the same day the deposit is made

Services are customized and resulting fees are based upon your specific needs.

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