Lockbox Banking Services
The Horizon Bank Lockbox Service handles the collection and processing of your customers’ incoming payments and deposits them directly into your account. Plus, it’s electronic for a faster turnaround time and customized to fit the individual needs of your business.
This payment service is especially beneficial for medium to large companies including utility companies, government agencies, and medical practices among others who receive a large number of checks by mail each month.
The Benefits of Lockbox Banking
Make paper payment collection simple by utilizing our lockbox banking services.
Easy-to-use search options let you find any transaction and check.
You can view checks online and print them.
Once we collect your checks, they are processed that same day and deposited into your business checking account.
Consolidate all of your accounts payable activity in one location.
How Does Lockbox Banking Work?
Streamline your business' receivables processing. Activating our Lockbox Services means you will be able to process payments faster while reducing transaction errors made with the simplicity and security of this service. If your business is currently receiving remittances through the mail, Lockbox Services can help you convert payments into cash at a much faster rate.
Your payments are delivered to a secure location and processed every business day
Our secure services are designed to greatly reduce transaction errors
You significantly lessen business time and labor costs spent processing payments