Lockbox Services

Give Employees More Time to Focus On Their Work

​Easy and efficient, Bankers Trust Lockbox Services eliminate the accounting demands that are placed on your staff. When you allow us to deposit receivables into your bank account for collection, you enjoy:

  • Giving staff more time to focus on your core business.
  • Faster collection of funds because mail and processing float is minimized and reduces days of sales outstanding.
  • Improved audit control through third-party processing, which provides a separation of duties and increased security.
  • Automated updating of accounts receivable data via electronic transmission of data.

Options

Retail Lockbox
Automated, high-speed processing using a scan line or bar code on the remittance document 

Wholesale Lockbox
Designed for lower volume, higher dollar payments from businesses

I-View Portal
A Web-based system that allows you to view reports, remittance documents, and customer checks

How It Works

  • A unique post office box is opened to receive your customers’ payments.
  • Bankers Trust will pick up mail daily, process it according to your instructions, and deposit the checks to your account the same day.
  • Remittance reports, data files, and document images are available same day, to allow for update of your accounts receivables system.

Business Resource Center

Online resources to help with your business’s financial needs, including:

  • Check and Deposit Ticket Ordering
  • Merchant Card Processing
  • Online Payroll
  • Fraud Prevention Information
  • Federal Reserve Information
  • FDIC Guidance and Coverage
  • NACHA – Electronic Payment Information
Learn more
Lockbox Services | Bankers Trust