Lockbox Services

Automate your receivables posting to streamline your collections process.

Contact Us Today

Access your funds sooner.

Our Retail and Wholesale Lockbox Services accelerate the process of converting accounts receivable into cash by expediting mail flows, reducing processing times and improving the availability of funds.

Payments are directed to a specific post office box and are retrieved throughout the day to ensure timely processing. A seasoned staff supported by state-of-the-art technology assures the delivery of timely and accurate processing per your defined specifications. You can access payment files and reports online through a secure site.

Perfect for you if:

You receive payments in the mail.
You process payments at multiple locations.
You invoice for accounts receivables.
You want to reduce collection float.
You have an influx of remittances creating overwhelming peak periods.

Advantages

Increases efficiency of collection process
Reduces clerical labor costs while providing an outside audit control
Expands your usable cash for investments or debt reduction
Offers adaptable reporting and remittance procedures

Convenience

Mail is picked up throughout the day and checks are immediately processed for deposit
Payment files can be designed to interface with your accounts receivable system for automatic updates
Online reporting gives you access to images and reports

Real First Bank Stories

Meet Stanley Hughes

Owner, all-organic Pine Knot Farms

One of the few NC farms continuously owned and operated by an African-American family for over a century, Pine Knot Farms now grows a dozen varieties of organic produce for local markets and restaurants.