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Lockbox Services

Turn your Receivables into Cash Rapidly and Accurately

Accelerate the collection and deposit of your business receipts. Your remittances are processed based upon your instructions through our Commercial Online Banking platform. Both Wholesale and Retail processing are available.

If your company receives a high volume of checks in the mail, Investors Bank’s Lockbox Services can streamline your operations while saving you money otherwise spent on administrative processing and storage costs. We utilize a single integrated platform to process, deposit and report all transactions, and can pick up mail from the following metropolitan areas: Newark, New York City, Philadelphia, Boston, St. Petersburg, Chicago and Los Angeles.

With online access, you can view fully imaged and indexed checking, coupons and remittance documents from your desktop while making decisions online for all items that don't meet your payment acceptance rules. Through additional integration, we can also include payments made by credit card and include those in your reporting.

Benefits

Faster Availability of Funds

Minimize collection float through reduced mail delivery times and multiple daily pickups.

Streamline Your Operations

Access your information electronically, so you can update your system quickly while saving your company money on administrative processing and storage costs.

Timely Information and Reporting

Information is captured based on your specific data requirements. You can view images of checks, coupons and remittance documents right from your computer, while making decisions online for all items that don’t meet your payment acceptance rules. Choose from standard or customized reporting options.