Online Lockbox Services
Streamline Your Receivables Processing
Salin Bank’s Online Lockbox makes it easier, faster and more efficient for your business to collect and process customer payments in one central location without making multiple trips to the bank or manually inputting deposits.
How It Works
With the Online Lockbox, you can automate your receivables by allowing us to open, sort, capture, scan and deposit incoming payments directly into a designated business account. Images of checks and remittances can be easily retrieved and viewed online or provided on a daily, weekly or monthly CD ROM. Because payments are collected and processed daily, you’ll reduce mail and collection float time, lower your in-house administrative costs, and accelerate the availability of funds.
Watch to learn more about Online Lockbox
Speeds up processing of customer payments
Improves overall cash flow by accelerating the collection and posting of receivables so funds are available more quickly
Minimizes administrative expenses related to storage space, mail processing, and man hours needed to archive paper copies of customer payments
Provides instant 24/7 access and requires no special software to install on your PC
Offers tools for custom research and reporting functions for more effective accounting
Includes special security features, such as a unique, bank-assigned client ID and password
Frees your staff for more productive tasks
Collecting and processing payments doesn’t have to be a time-consuming task for your business. With Salin Bank’s Online Lockbox, we do the work so you can focus on other business matters.
To learn more or to enroll today, contact a member of Salin Bank’s Treasury Management team at 800.320.7536, ext. 8035 or email us email@example.com.