Secure, accurate and wonderfully convenient
Looking for ways to streamline accounting and eliminate trips to the bank? Lockbox Service from Midwest BankCentre help accelerate payment posting and collection while helping improve your receivables process.
- Improved cash flow – accelerating the collection process increases your working capital and allows faster access to the funds.
- Reduce overhead costs and enhanced payment processing – payments are processed faster and errors are reduced.
- Better security and safety – decrease the potential for theft, fraud and error.
How it works:
- Your customers mail payments and supporting documents to a secure Post Office Box.
- We collect and process the checks.
- The funds are automatically deposited to your account the same business day.
It’s that easy.
Other available services:
- Wholesale Lockbox – ideal for businesses companies that process high-dollar, low-volume transactions
- Retail Lockbox – best for businesses that process a higher volume of payments
- Property Management Lockbox – designed for community associations and property management companies
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