Lock Box Services
Once you have billed your customers, your accounts receivable are mailed to a specific post office box set up exclusively for you and maintained by Southside Bank. Your deposits are made and a transaction copy is sent to you for your records.
Benefits to you:
- Deposits are posted the day received
- Increases your accounts average daily balance
- Quick access to funds
- Less clerical work
- Decrease the chances of check theft or fraud
- Low cost
- Saves time
- Online access to view deposits and deposited items
- Daily customized file imports
Please contact us to inquire about these services.