How Lockbox Services Work
We’ll take care of it so you don’t have to
Your customers’ payments are routed directly to a post office box maintained by Union Bank & Trust on your behalf. These payments are collected, verified, imaged, and deposited to your account — all that same day. Quality control procedures at each step ensure the highest degree of accuracy.
- Check receivables processing and bank deposits are taken care of for your business
- Same-day online access to customer payment information with flexible search capabilities
- Detailed Lockbox information archive available online for 12 months
- Electronic payment file available to help update your accounting system