![]() The bank goes to the box, retrieves the payments, processes them, and deposits the funds directly into the company's bank account.īecause checks are going directly to the bank, they will pass fewer sets of hands before being deposited, and they will be deposited in the bank sooner. Under the service, payments made by customers are directed to a special post office box instead of going to the company. Lockbox is a service provided by banks to companies for the receipt of payment from customers. ![]() Community Partners uses a service called Lockbox to handle all checks. ![]()
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