Timely collection and deposit of payments speeds their conversion to available funds. We offer four types of Lockbox Services, plus a variety of additional solutions that allow you to manage your cash position more effectively.
Our Lockbox Services encompass the entire gamut of user payment receipts and types. We also offer automated solutions to your needs, eliminate paper by delivering checks and related documents online or on CD-ROM, reduce mail float, and improve clearing float.
Wholesale Lockbox
For a typically low volume of high dollar payments from businesses
Classic Lockbox
Our basic form of Wholesale Lockbox, for a low volume of payments
Wholetail Lockbox
Combines characteristics of both wholesale and retail processing for payments which are accompanied by Optical Character Recognition (OCR) readable documents with a combination of invoices and coupons, and/or checks only
Typically for a moderate volume of mixed-dollar size payments from both consumer and corporate clients
Retail Lockbox
For companies that receive consumer payment by OCR-readable coupons
Typically for a large volume of low-dollar payments
Automated solutions include ARC (Accounts Receivable Check Conversion), CIP (Customer Initiated Payments), and Perfect Post
Features and Benefits
Online information reporting enables you to obtain intraday balance, float and detail information on your lockbox instructions
For effortless banking, we pair you with a Comerica Relationship Manager—your advocate and personal, direct conduit to all our people and products. They know our business. They take care of yours.
Equal Housing Lender
