Streamline & Expedite Check Payment Processing
Lockbox services improve overall cashflow for your business, increasing available funds and minimizing transactional risk.
Your business will be assigned a post office box that customers will use to submit payments and invoices. Customers send payments to the assigned post office address, where our treasury management team will then open, sort, scan and credit payments to your business account.
Key Benefits of Lockbox:
- Reduce the number of days a check is outstanding
- Lower administrative costs
- Minimize risk associated with sending employees to
- Mitigate fraudulent activity
- Gain disaster recovery benefits
Contact Arvest. Treasury Management