Lockbox Services

WestStar’s Lockbox Service efficiently handles mailed checks and credit card payments, so your back office doesn’t have to. Accelerate check collection, funds availability, and delivery of remittance information by outsourcing the processing of mailed payments to WestStar. 

  • Wholesale Lockbox is most useful for companies with lower volumes of large dollar receivables. 
  • Retail Lockbox is recommended for companies with larger volumes of small-dollar receivables.
With Lockbox, you can:

Save Time, Money, and Resources

  • Optimize your back office by allowing WestStar to receive payments directly. 
  • Minimize the expense of receiving and processing payments. 
  • Eliminate deposit preparation and improve internal productivity and security. 
  • Reduce incoming mail float. 


Immediately Deposit and Use of Funds

  • Coordinated mail pickup and delivery to ensure all were received and processed for deposit on the same day. 
  • See a faster collection of funds by reducing mail, processing, and availability float. 
  • Receive Internet delivery of image remittance details online. 
































How Lockbox Works

1
Your clients mail their payments to a designated post office box assigned to you.



2
Your mail is picked up, payments are processed according to your customized needs, and then they are deposited into your account. 

3
WestStar transmits a file of payment transactions for direct application to your Accounts Receivable system as instructed. 

4
Timely and accurate report of your payments and deposits.








Contact Us To Learn More

Branch

Phone

 
915.747.1655

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