Lock Box Security System

Gain Faster Access to Accounts Receivable

How Lockbox Works
County Bank’s Lockbox Program can substantially streamline your organization’s accounts receivable function. Here’s how:

• Payments are directed to a designated Lockbox address using a unique zip code or local post office box
• Designated couriers pick-up and deliver Lockbox remittances several times throughout the day and night
• Automated mail sorters and extractors batch incoming items quickly and accurately
• Your customer payments are then processed for clearing
• Payments are credited to your account and assigned availability
• A complete package detailing daily activity and transmission is forwarded to your organization

Lockbox Candidates
If you receive large dollar payments from other companies, accompanied by an invoice, your organization is a perfect candidate for wholesale lockbox service. Additionally, if you receive a high volume of payments from customers accompanied by a machine-readable coupon, your organization would be a good prospect for retail lockbox service.

Lockbox Benefits

• Accelerated collection and receivables processing
• Reduced mail float
• Accurate processing
• Customized approach to meet your company’s specific needs
• Customized deposit reporting

For more details or to open an account, visit any of our branches conveniently located throughout California.