With our Lockbox Service, remittances to your company are mailed directly to a post office box owned by Park National Bank. We handle the remittance for you -- from pick-up to processing to making the deposit into your company's account.
Then, on a daily basis, we electronically provide the necessary information for you to update your accounts receivable records.
Lockbox Service lets you streamline remittance processing, doing more without having to increase staff or add processing equipment. In other words, doing it faster and more efficiently for less.
- Operational savings for business
- Accelerates cash flow and improves funds availability
- High quality reports and images are produced for you by bank
- Customized reporting and posting files available