With our Retail Lockbox service, checks are mailed to your PO Box and then deposited into your Citizens Bank account. The machine-readable remittances are picked up during each business day, resulting in timely processing of high volume deposits and expedited funds availability. Our automated system also captures payment data that can be transmitted to you to upload into your receivables system.
Features and Benefits
- Save time by reducing "float" on mail, processing, and funds availability.
- Save money by reducing check processing and depository costs.
- Expedite deposits and increase your access to funds.
- Get accurate and timely reports on your payments received with flexible and customized reporting options.
- Simplify with automated uploading of relevant account receivable information directly into your accounting system.
- Electronic storage of documents and checks can be provided through daily, weekly or monthly CD-ROMS or DVDs.
- View images of checks and documents on the image archive with historical search capabilities.