Lockbox Services
Using Guaranty Bank Lockbox Services allows you to speed up collections and use your revenue and staff more efficiently. Not only can processing high volumes of receipts strain your internal resources, but it can also cause a one or two day delay between receipt and deposit of checks. The Guaranty Bank Lockbox Service facilitates speeding up this process and allows you to concentrate on the success of your business, not the processing of your receivables.
The Lockbox Process
In all cases, the lockbox is a local post office box, which is used exclusively for receiving payments. A bank courier collects all payments received the night before and delivers them to Guaranty, where they are immediately processed.
What are the Benifits of Lockbox Services?
Using Guaranty Bank Lockbox Services allows you to speed up collections and use your revenue and staff more efficiently. Not only can processing high volumes of receipts strain your internal resources, but it can also cause a one or two day delay between receipt and deposit of checks. The Guaranty Bank Lockbox Service facilitates speeding up this process and allows you to concentrate on the success of your business, not the processing of your receivables.
The Lockbox Process
In all cases, the lockbox is a local post office box, which is used exclusively for receiving payments. A bank courier collects all payments received the night before and delivers them to Guaranty, where they are immediately processed.
What are the Benifits of Lockbox Services?
- Funds are available sooner
- Delinquencies can be tracked faster
- Timely payment information for updating your accounts receivable is delivered
- Check handling by your company's employees is eliminated
- Allows you to concentrate on the operation of your business
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