Lockbox Services

A better process for payment processing

Speed up deposits and reduce manual processing by routing incoming payments to a secure lockbox, managed by us.

We know a thing or two about processing payments

In a world of fast-paced business, don’t let processing checks and tracking invoices slow you down. With Lockbox Services, you can offload all that work onto us. We’ll handle it: quickly and securely.

Business person's hand gesturing to clipboard on office desk

Faster processing

Accelerate payments by having us collect, process, and deposit them for you.

Two professionals having a one-on-one discussion across a desk in a bright office meeting room.

A simple process

Using a business P.O. box, we’ll pick up your mail and process it for you.

Meeting of professionals discussing paperwork scattered on table

Improved visibility

Access detailed remittance data, reporting, and digital records to simplify reconciliation.

Set up your P.O. box

We open a secure P.O. box in your business’s name, and you direct payers to send there.

We collect the mail

Our team picks up your mail and opens it in a controlled processing facility.

We deposit the funds

Checks are processed and deposited into your LMCU account.

You reconcile faster

Remittance data, check images, and reporting arrive ready for your AR system.

Lockbox Services FAQs

Our Lockbox Services are a streamlined solution for your receivables. It’s simple: you direct customer or vendor payments to a secure P.O. box, under your business’s name and managed by us.

We will then collect the mail sent to your P.O. box, process your checks, deposit the funds right into your LMCU account, and deliver remittance data for reconciliation.

Because your payments are processed and deposited by us as soon as they’re received, Lockbox Services reduce mail and processing delays, helping you access funds faster and improve cash flow timing.

That depends: Lockbox Services are especially valuable for businesses that receive a high volume of check payments or remittance documents.

If you’re unsure, our Treasury Management team would be happy to meet with you to discuss whether Lockbox Services could be right for your business.

Yes. Our Lockbox Services rely on secure processing facilities, controlled workflows, and limited internal handling to reduce the risk of fraud and processing errors.

Absolutely. Our Lockbox Services provide detailed remittance data, images, and reporting, so you can track payments, reconcile accounts, and maintain full visibility into your receivables activity.

Start with a conversation. Our Treasury Management team will review your current receivables volume and process, agree on a daily collection schedule, and tell your payers where to send payments — then confirm the remittance format your accounting system needs.

Your business is in good company.

Our business members love working with us, because we’re committed to helping businesses across the communities we serve grow more, do more, and create more jobs.