Lockbox Service is a unique opportunity to improve the efficiency in your office while improving your company’s cash flow.
What does Lockbox Service Provide?
With direct access to a specified post office box, Pacific Continental will collect, process, and post mail payments.
Benefits:
- Timely and Secure retrieval of daily payments;
- Eliminates costs of sorting, photocopying, and storing of billing receipts;
- Improve Cash Flow and Access to Deposited Funds;
- Quick turnaround of remittance materials, any checks not deposited, and any other correspondences received in the Lockbox.
Basic Service Includes:
- Opening & Sorting Incoming Mail;
- Encoding, Endorsing Check Payments;
- Imaging Check & Deposit Items;
- Preparing Deposit Documents;
- E-mailing electronic copies of the Deposited Items;
Additional Options Include:
- Photocopies included with daily delivery;
- CD-Rom Statement containing activity for the entire account; including all images of deposited items handled by Pacific Continental’s Lockbox Service;
- Daily sweep of collected funds to designated PCB deposit or loan account;
We offer two service packages:
- Retail Environment:
- Beneficial when using coupon & check payments
- Wholesale Environment:
- Efficient when documentation accompanies payments
Pacific Continental Bank can customize lockbox services to fit any business need.