Vantage Mobile Banking
Vantage Bank
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By utilizing Vantage Bank Texas’s lockbox service, we can help you cut hours or possibly days out of your collections process by automating your receivables posting process.
How It Works
Vantage Bank Texas will become your processor for payment items received by mail.
- Your customer payments would be mailed directly to a designated P.O. Box monitored by Vantage Bank Texas on a daily basis.
- Mailed payments are collected, processed and deposited directly into your Vantage Bank Texas business account that same day.
- Designated users will log into Business Online Banking to view and retrieve detailed reporting, including check and deposit detail, along with check and payment coupons or remitter images.
LockBox Benefits
- Reduce the potential for theft, fraud and human error
- Receive detailed reporting
- Reduce incoming mail and paperwork
- Optimize your back office by outsourcing the receiving and depositing checks process
- Expedite the availability of your working capital
Contact a Treasury Management Specialist to get started with this service.
Disclosures:
LockBox service is subject to approval, including the acceptance of the agreement related to such service. Fees apply.