Lockbox 

Features and Benefits

Save time and increase cash flow by outsourcing the processing of mailed payments to Heartland Bank. Our Lockbox services solution automates the receipt, processing and deposit of checks sent via regular mail, saving time and reducing error and risk.  Our state-of-the-art, centralized, automated process ensures your mailed receivables are processed – and deposited – the same business day. 

Features:

• Centralized processing reduces mail float
• Accepts standard and legal format checks
• Conversion of eligible checks to electronic transactions to speed collection
• Same-day check processing and deposit
• High-quality check imaging and archival
• Integrated reporting

Benefits:

• Faster processing for improved cash flow
• Reduced risk of theft and fraud
• Decreased potential for manual error
• Improved productivity and efficiency
• Reduced days outstanding on payments
• Quicker and highly accurate posting

To find out more details please contact our Treasury Management Services. Click here to contact our team for more information.