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.

 

Related Links

Remote Deposit Express

ACH Collection

Explore other Treasury Management Solutions.

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.

 

© Broadway Bank. Equal Housing Lender. Member FDIC
210.283.6500 • Outside San Antonio call toll-free 800.531.7650
1177 N. E. Loop 410, San Antonio, Texas 78209