Winter Weather Alert: Due to inclement weather and for the safety of our customers and team members, all Central Iowa branches are closed today, November 29. Customer Service will remain available until noon for assistance. Stay safe!
Winter Weather Alert: Due to inclement weather and for the safety of our customers and team members, all Central Iowa branches are closed today, November 29. Customer Service will remain available until noon for assistance. Stay safe!
Winter Weather Alert: Due to inclement weather and for the safety of our customers and team members, all Central Iowa branches are closed today, November 29. Customer Service will remain available until noon for assistance. Stay safe!
Home » Business » Treasury Management » Lockbox
West Bank has partnered with Technology Management Resources (TMR) to speed up your check payment processing.
For businesses that receive a large number of payments or a few high-dollar payments by check, Lockbox services can simplify the process by having these payments directed to a post office box.
Instead of piling up checks at your office to take to the bank, TMR will scan and process the payments for you. Your business will receive a daily report of these receivables that you can import to your accounting software for easy reconciliation.
Prevent checks from being misplaced, deposited into the wrong account, or kept at your business overnight. TMR will collect, scan, and process check payments on the same day.
TMR will handle all check payments and provide you with a daily report, giving employees more time to do other tasks.
Lockbox services reduce the number of people handling transactions, leading to fewer errors and fraud opportunities. You can rely on Lockbox services to provide you with timely deposits and reports on a consistent basis.
Lockbox services are designed to speed up the paper-based payment process and provide timely access to funds. Customer payments will be received in a post office box where TMR will scan and process the checks. Processed payment reports are made available to your business daily.
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