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Wholesale Lockbox

Expedite the availability of funds from moderate-volume, high-value receivables.

  • Speeds up processing of receivables.
  • Eliminates processing delays by accelerating collections across the country.
  • Reduces staffing requirements for receivables processing.

Service Overview
Saves time
  • Improves funds availability with quick processing.
  • Accelerates collections across the country through multiple locations including: Pittsburgh, Chicago, Dallas and Los Angeles.
  • Provides accurate and timely summaries and detailed customized reports on payments received.
  • Automatically uploads accounts receivable information directly into your accounting system.
  • Reduces time spent on matching complex invoices with payments.
Saves money
  • Reduces check processing and depository costs.
  • Processes multiple payment types: accepts check or credit card payments.
Security
  • Improves internal fraud control by eliminating some check handling.
Convenience
  • Offers a range of check and invoice image file options.
  • Allows for secure, efficient and accurate collection and posting of receivables.
  • Offers electronic check and invoice images for quickly researching and responding to customer inquiries.
  • Compatible with most accounting systems.

View additional information about Wholesale Lockbox (PDF)

Want to Learn More?

Our Cash Management representatives are ready to work for you–with local, personal attention backed by all the resources, products and global capabilities you need to succeed. To find out what it's like to have a good bank on your side, schedule a meeting today:

By Phone: 1-877-550-5933
By Email: clientservices@rbscitizens.com

 

 

Contact a Product
Specialist today:

1-877-220-0491

clientservices@rbscitizens.com