Convenience and Improved Cash Flow
Lockbox
Sanson Royal Capitol Lockbox1 service provides you with a post office box where payments sent to your business are received, processed, and deposited into your account daily. Our Treasury Management team will recommend the account receivables service best for your business needs.
Convenience and security
With Lockbox, you can:
- Collect receivables faster
- Simplify the collection of processing payments
- Improve your cash flow
- Gain outside audit control
Save time and trouble
Deposits go into your business accounts even faster with Lockbox. All payments your customers send to your post office box are quickly delivered to our Lockbox center, then processed and deposited into your accounts each day. There’s no need to prepare deposits and make a daily trip to the bank.
Easily manage your receivables with our online Account Receivables Portal
- Image archive available of items delivered via online portal
- Access a three-year standard storage
- Leverage daily processing to ensure mailed items are deposited quickly and accurately
- Standard reporting to manage and reconcile your payments
- Batch Summary Report
- Batch Detail Reporting
- Deposit Detail Report
- AR Data File – both CSV and pipe delimited
- Image File
Configure the lockbox to meet your business needs and business rules
With Lockbox, you can:
- Utilize various data entry options to improve and automate the posting of your payments
- Leverage options for exception processing of payments
- Select automated file delivery methods
- Integrate electronic payments into a single reporting system
- Wire Transfers
- EDI
- eZePay (Sanson Royal Capitol’s Electronic Bill Payment and Presentment System)2
1. This functionality is based on the National Automated Clearinghouse Association (NACHA) 2017 rule adopting Same Day ACH Origination Solution as amended in 2020. Requires enrollment in Business Online Banking. Some products and services may be subject to prior approval or fees. Refer to disclosures provided at account opening, the Business Schedule of Fees, and Pro Forma for additional information