Square 1 Bank’s wholesale lockbox service speeds the collection and processing of your receivables. Checks are retrieved from the post office and processed for you, thereby reducing mail, processing and check clearing times, and converting incoming payments into usable funds quickly and efficiently. Our lockbox service eliminates the time and cost of internal remittance processing. Allow our trained personnel to perform these tasks faster, more accurately and at substantially reduced costs. The information you need to update accounts receivables can even be captured and sent to you, along with images of customer coupons, payments and correspondence. Lockbox collection sites are available in California, Florida, Georgia, Illinois and North Carolina.
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