Collect On Delivery With Your Daily Mail Pickup

Accelerate Collection Of Accounts Receivables

With Stock Yards Bank’s professional lockbox service we will prepare and process your deposits daily. A local Post Office Box is established in your company’s name. Each business day we pick-up your receivables, review the payments and remittances, and prepare your deposit specific to your instructions.

To update your accounts receivable system we can customize an electronic file containing all pertinent payment information, or you can choose to receive Internet or CD ROM images. We can also provide a daily paper package consisting of the check copies, deposit slip, and original remittance documents..

Our Lockbox Service helps minimize exposure to fraud and saves your company time and resources.

Benefits:

• Faster funds availability
• Minimize fraud exposure
• Automate accounts receivable posting
• Decrease internal processing costs

Sweep Account   |    Zero Balance Account   |    Business Savings
Lock Box Service   |    Cash Management Account