West Bank offices will be closed on Monday, January 19 in observance of Martin Luther King Jr Day.

West Bank offices will be closed on Monday, January 19 in observance of Martin Luther King Jr Day.

West Bank offices will be closed on Monday, January 19 in observance of Martin Luther King Jr Day.

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Lockbox

Lockbox

Caucasian man gives a signed check to another individual
INCREASE PAYMENT PROCESSING SECURITY

With Lockbox Services

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.

lockbox

Benefits

Protection from internal and external fraud

Both Positive Pay and Fraud Filter help protect your business 24/7 and alert you to counterfeit or suspicious activity.

Protection from internal and external fraud

Both Positive Pay and Fraud Filter help protect your business 24/7 and alert you to counterfeit or suspicious activity.

Saves Time

You’ll save time reconciling every month.

Saves Time

You’ll save time reconciling every month.

Control

Check or ACH fraud and accounting input errors can cost your business many hours in lost productivity. These tools give you the control to react to each exception as it is detected.

Control

Check or ACH fraud and accounting input errors can cost your business many hours in lost productivity. These tools give you the control to react to each exception as it is detected.

HOW DOES IT WORK?

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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