Wholesale Lockbox Services

Streamline your accounts receivable process by using Waterford Bank, N.A.’s state-of-the-art Wholesale Lockbox Services. Reduce the time it takes for your payments to be processed and deposited to your bank account. We will open a local post office box for your payments and process them the same day they are received. Our image capture and processing system will automatically deposit funds to your account and allow you to review your items through our Online Banking system.

Features include:

• Invoices and checks imaged
• Custom Reports
• Local post office box and local processing
• Online access to reports and deposits
• Quicker access to funds
• Improved staff productivity
• Decrease potential for theft, fraud and error