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A full-service remittance solution for your business
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Lockbox Services

Traditional remittance processes aren’t efficient. Trips to the post office, manually updating the accounts receivable system, trips to the bank. If you’ve thought there has to be a better way, there is. Lockbox services automate and simplify these processes.

Businesses using lockbox services enjoy:

  • Faster payment processing. Minimized mail, processing and deposit time equals improved cash flow. Eligible checks can be converted to electronic transactions to speed collection.
  • Improved receivables management. Audit controls, a data file that can upload directly into an accounting system, and minimal delay in payments received and recorded all lead to better receivables management.
  • Accurate and timely information. Notification of payments received and deposits processed are provided promptly, allowing immediate visibility to cash flow.
  • Efficiency at scale. Lockbox services are designed to process large volumes of payments or checks with large denominations quickly and securely.

Our team welcomes the opportunity to discuss how lockbox services can benefit your business. Give us a call today.

External Link Disclaimer

You will be linking to another website not owned or operated by The Bank of Missouri. The Bank of Missouri is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by The Bank of Missouri of any information in any hyperlinked site. We encourage you to review their privacy and security policies which may differ from The Bank of Missouri.

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Because there is a risk information transmitted via Internet email could fall into the wrong hands, The Bank of Missouri suggests confidential information, such as account numbers or social security numbers, not be transmitted via email. If this information must be stated, please contact The Bank of Missouri by phone or at your nearest branch.

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First Choice Insurance Agency, Inc is a wholly owned subsidiary of Reliable Community Bancshares, Inc., parent company of The Bank of Missouri.

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