Treasury Management Services
Wholesale Lockbox
Am I a good candidate for Wholesale Lockbox?
- Does your company receive payments via the mail?
- Do you have someone on staff who is responsible for going to the Post Office to collect payments received?
- Are you spending too much time preparing checks for deposit at your bank?
- Do you send someone to the bank daily to make deposits, or do you "hold" several days' worth of payments so that you only have to make one trip to the bank?
- Do you make photocopies of checks and other remittance materials received?
- Are you concerned about separating the posting and depositing functions within your organization?
If you answered "yes" to any of these questions, your company is a good candidate for Compass Wholesale Lockbox.