Lockbox Services

Let Broadway’s trained personnel
process your customer payments.

Eliminate the task of handling customer payments in-house with Lockbox Services from Broadway Bank. Accelerate the availability of your funds, by shortening mail float and reducing processing time.

Lockbox Services
are ideal for:

  • Wholesale businesses that receive high dollar corporate-to-corporate checks.
  • Healthcare providers that receive checks from patients and insurance companies.

How do Lockbox
Services work?

  • Your customers mail their payments directly to a unique Post Office box assigned to Broadway Bank.
  • Our staff will process the items by preparing deposits and making all remittance and correspondence documents (as well as check images) available to you online.
  • Access transaction information, document images, data files and print reports through full query capabilities within the iVIEW website.

 

The benefits of
Lockbox Services?

They let you:

Increase funds
availability.
Collect your money faster and put it to work sooner.

Save admin costs.
Reduce the time and expense of processing remittances in-house.

Increase
internal control.
Separate your receivable collection and posting functions.

Ensure quality.
Receive optimum quality service from Broadway Bank personnel.

Increase Leverage
with Payers.
Get information to track timeliness of payments.

 

Related Links

NEW Remote Deposit Express

ACH Collection

Explore other
Treasury Management Solutions.

 

 


210.283.6500 • Outside San Antonio call toll-free 800.531.7650

Telephone Banking Center (Service Representative) 210.283.6611
24 Hour TeleBank (Access Your Account) 210.283.6505

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