Wholesale Lockbox
The Lockbox is a collection method for your company or organization's receivables. It can increase efficiency and provide you daily notification of all deposits. With the Lockbox service, you inform your customers to mail payments directly to Liberty Bank's assigned post office box. Liberty then processes and deposits the total checks received into your account for same day ledger credit and provides you with a deposit report daily, weekly or monthly.
- Reduces mail float between your customer and your company
- Eliminates daily trips to the bank to make deposits of receivables
