Lock Box Services
First State Bank offers Lockbox services which is an efficient way to remove the check collection and deposit process from the company. Lockbox can
- Reduce the risk of accounts receivable fraud by taking the receipt of payment process out of the office,
- Improve collections because the bank receives incoming mail early each banking business day
- Items received through LockBox are processed under dual authority
- Deposits are balanced
- Images of deposited items and the deposit ticket received through LockBox are delivered through secure email to the authorized company representatives after mid-morning completion of processing.
Customers who use LockBox see
- Efficiency in the payment collection process
- Will increase funds availability and reduce internal costs for your operation.
First State Bank Central Texas combines state-of-the-art technology with years of experience in Treasury Management to provide a total lockbox processing solution for your collection strategy.
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