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If your small business receives large dollar amount checks, the lockbox can be especially helpful. The service is especially helpful for businesses that receive large dollar amount checks.
With a City National Lockbox you shorten the time it takes for payments to get from your customer's checkbook to your City National checking account. Your account is credited the day remittances are received, reducing float associated with collections and making your money available to you sooner.
City National Lockbox services offer your small business a secure point of receipt for your receivables. Additionally, you enhance your internal controls with segregation of duties so your staff can focus on other tasks and projects. Online imaging may even eliminate your need to receive back all those paper documents. You reduce filing and retrieval time, save storage space and save paper.
Our Wholesale Lockbox can also enhance the way you manage your receivables. You can retrieve your remittance information the same day, anytime and anywhere you have access to the Internet. Same-day online access to your lockbox information allows you to complete your accounts receivable posting more quickly. All of which means that you can improve your cash flow and maximize your small business earnings on a daily basis.
The dual-sided imaging feature of our new Online Wholesale Lockbox Image Services allows you to view the front and back of your remittance documents. And now you can validate that important postage date with our envelope imaging.
Our comprehensive deposit reporting and flexible delivery options include:
To sign up for a Treasury Management service or for more information, please contact us or call Treasury Management Client Services between 5:30 a.m. and 7:00 p.m. (Pacific Time) Monday through Friday (800) 599-0020 select option 2.