Treasury Management Services
Wholesale Lockbox
How it works
- You provide your clients and vendors with the new post office box number assigned by Compass Bank. Your clients and vendors then remit their payments to the new P.O. Box address. (They won't know they are sending their payments to Compass Bank.)
- Compass makes several mail pickups throughout the day, each coordinated with mail availability at the post office. This eliminates the need for you to go to the post office or check the mail for incoming payments.
- Our highly trained lockbox processors accurately handle your remittances according to your specifications. The staff levels in our lockbox areas are coordinated to coincide with peak volume periods, so you can be assured your remittances will be processed on time.
- We deposit the checks submitted by your clients and vendors to the Compass Bank checking account of your choice. We provide you with an image of the check, along with all the invoice information included in the envelope.
With our optional Lockbox imaging service you can receive images via:
The deposit detail information is also available via:
- Compass e-Transmit®
- Connect:Mailbox or
- Fax
Best of all, our processing approach is flexible and focuses on meeting your company's unique needs.