A more effective way to process receivables

  • Available for retail and wholesale
  • Minimize collection float and access money faster
  • Maximize availability of working capital
  • Access payment information electronically so you can update your system quickly
  • Choose from standard or customized reporting options

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.