Bypass your office-based collections process and speed up receivables with our lockbox
services.
For more information
Call our Treasury Management specialists at 877.255.6386.
- Speed collection of low dollar, high volume payments.
- Requires the use of computer readable payment coupons.
- Update your accounts receivable information daily.
- Mailed payments are redirected to Mercantile Bank through the use of a unique post
office box address.
- Deposited funds are posted to your account immediately.
- Copies of checks and corresponding documents are returned to you for your records.
- View all payments via the Internet.
- Access all reports and transaction files over the Internet.
- Can process exception items over the Internet.
- Reduce operating costs.
- Research over the Internet available 24/7/365, without talking to the bank.