Lockbox Banking Services
- Receivables
- Lockbox Services
Streamline Your Business Receivables
Horizon Bank Lockbox Services help businesses simplify accounts receivable by collecting, processing and depositing customer payments directly into your business checking account. Payments are processed efficiently and securely, helping reduce manual work, minimize transaction errors and provide faster access to incoming funds.
Lockbox Services can be especially beneficial for businesses that receive a high volume of checks and remittances by mail, including utility companies, government agencies, medical practices and other organizations.
The Benefits of Lockbox Banking
Easy Payment Research
Access easy-to-use search tools to quickly find payment transactions and check images when you need them.
Online Check Access
View and print check images online from anywhere, making it easier to manage and research payment activity.
Faster Payment Processing
Lockbox payments are processed the same day we collect your checks and deposited directly into your business checking account.
Reduced Manual Work
Reduce manual payment processing and free your team to focus on your business.
How Does Lockbox Banking Work?
Payments Are Collected
Your customers send payments to a secure lockbox location designated for your business, where Horizon collects them each business day.
Payments Are Processed
Horizon collects and processes payments each business day, helping reduce manual processing and transaction errors.
Funds Are Deposited
Payments are deposited directly into your business checking account, helping you access funds faster and spend less time processing payments.
Is Lockbox Banking Right for Your Business?
Lockbox Services may be a good fit if your business:
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Receives a high volume of checks or payments by mail
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Spends significant time processing incoming payments
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Wants to reduce manual accounts receivable work
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Needs faster, more efficient payment processing
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Wants convenient online access to payment and check information
Our Treasury Management team is here to help you find the best solution for your needs.
Lockbox Banking FAQs
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What is lockbox banking?
Lockbox banking is a receivables service that allows businesses to send customer payments to a secure location where Horizon Bank collects, processes and deposits them into the business’s account.
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How does a bank lockbox work?
Customers send payments to a designated lockbox location. Horizon collects and processes the payments and deposits the funds into your business checking account.
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What are the benefits of lockbox services?
Lockbox Services can help businesses process payments faster, reduce manual work and transaction errors, and streamline accounts receivable.
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What types of businesses use lockbox services?
Lockbox Services can benefit businesses that receive a high volume of checks or payments by mail, including utility companies, government agencies and medical practices.
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Can I view lockbox payment and check information online?
Yes. Horizon’s Lockbox Services provide online access to payment information and check images, including the ability to view and print check images.
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How can I get started with Lockbox Services?
Contact Horizon Bank’s Treasury Management team to discuss your business’s payment processing and receivables needs.
Ready to Simplify Your Receivables?
Talk with a Horizon Bank Treasury Management specialist about how Lockbox Services can help your business streamline payment processing and improve cash flow.
Find a Specialist Request a Call
Prefer to call? 833-729-0887
Explore More Receivables Solutions
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ACH Origination
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