ACH Settlement Deadline for Thanksgiving Holiday

Business Online Banking ACH files must be received by Tuesday, November 24 in order to settle before the upcoming federal holiday (Thanksgiving Day). ACH files received on Wednesday, November 25. will not settle until Friday, November 27.

Lockbox Remittance Processing

Our Lockbox Remittance Processing service is designed to accelerate the receipt and deposit of check and credit card payments sent through the mail. This cash flow improvement solution collects customer payments at a centralized post office box rather than your business address, which reduces fraud risks and postal delays associated with mail delivery and in-house processing.

Payment processing is performed by Retail Lockbox, Inc., an industry leader who will work with you to develop a customized solution to fit your needs. This ensures your payments are quickly received and directly deposited into your business bank account. Speak with one of our experienced business bankers for more information and how to sign up.

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Services

Check processing
Remittance processing
Credit card processing
Research
Check storage, including retention and shredding of confidential information, deposit preparation, deposit delivery to the bank, and internal audit controls

Benefits

Helps reduce fraud risk by providing an outside audit trail, segregated duties, and improved controls
Reduces check and credit card payment processing time
Faster deposit reporting and exception processing
Payments are deposited directly into your business banking account
Electronic reports and check posting are available on a daily basis
Seasonal businesses have their post office box checked year-round for continued secure payment collection and processing
HIPAA compliant