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Corporate Banking
Deposit Accounts
Analysis Checking
Sweep Accounts
Certificates of Deposit
Money Market Savings
Financing Options
Lines of Credit
Revolving Credits
Term Loans
Letters of Credit
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International Trade
Small Business Banking
Free Business Checking
Checking With Interest
Business Preferred Visa® Credit Card
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Treasury Management
CashAnalyzer® Management System
Debit Card Starter Kit
Check Imaging
Lockbox
Merchant Processing
Controlled Disbursements
Leasing
Eligible Equipment
Leasing Options
Participating Vendors
Become A Vendor
Private Banking
Real Estate Lending
Employee Banking
Employee Offers
Employer Benefits
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Correspondent Lending
Mortgage Products
Memos and Updates
Rates
Disclosures
With Dollar Bank's Lockbox service, your receivables turn into cash quickly by expediting the collection of your mailed remittances. You simply instruct your customers to mail all payments to a designated post office box maintained for you by Dollar Bank.
Remittances are collected each business day by Dollar Bank and deposited directly into your checking account. This reduces costly mail, remittance collection and processing float. The same day remittances are collected, you receive a remittance report listing the payment maker, dollar amount and check number of each check received for deposit. This report gives you the deposit total and can be used to update your receivables. Users of CashAnalyzer®, our online cash management system, can view their remittance report online and view images of the checks the following day. Your deposit receipt, invoices and correspondence are returned to you via U.S. mail.
