Wholesale Lockbox is designed to accelerate the collection of a company’s receivables, increase efficiencies and report information extracted during processing. Mail containing payments bypasses corporate offices and is routed directly to the bank for deposit. This process enables you to expedite access to payment information, improve cash availability and allows you to eliminate backroom depositing processing.

Comerica has Lockbox sites in Dallas, Detroit and Los Angeles.

Additional Product Options

  • Account Receivable File — Comerica will customize a daily account receivable file to allow for direct updating of your account receivable system.
  • Online Archive and Reports — Provides immediate data for customer service, collections and release of goods decisions. It also allows access to lockbox reports online at the end of the processing day, eliminating the need for daily packages to be mailed.
  • Image File Transfer — Allows you to populate your in-house archive with images from your lockbox.
  • Credit Card Processing — Provides an optional payment option for your remitters (payors).
  • CD ROM — Provides storage of images that satisfies many disaster 
recovery plans.

Classic/Classic Plus Lockbox

Classic or Classic Plus Lockbox is a full image Wholesale Lockbox service with monthly CD ROM. This is a basic service that is a less expensive alternative to traditional Wholesale Lockbox.

Classic Lockbox

This is a basic lockbox solution appropriate for you if you process a low volume of payments. The service is intended for organizations with very low volume (100 items or less) of moderately high dollar payments.

Classic Plus Lockbox

This service is a basic lockbox solution appropriate for you if you process a low volume (300 items or less) of moderately high dollar payments.

To learn more about Comerica Lockbox services, please contact your Comerica Treasury Management Representative, or call Treasury Management Services at 888.341.6490.