Pacific Valley Bank offers our business clients lockbox services to improve their payment collection processes.
"With Lockbox Services, your clients will remit payments directly to a unique post office box. Payments are picked up daily and transported to a lockbox processing area, where they are processed promptly to your Pacific Valley Bank account. The convenience, safety and time savings provided by Lockbox Services will improve your cash flow as these payments are converted into available funds."
Our complete line of Lockbox Capabilities:
Wholesale Lockbox
Typically for high dollar, low volume payments. Corporate to Corporate payments.
- Retail Lockbox
For low dollar, high volume payments, consumer to corporate payments.
- Wholetail Lockbox
A hybrid lock box that receives both wholesale and retail payments.
- Image Lockbox
Processed the same as a traditional wholesale or retail lockbox. Additionally an image lockbox also replaces hard copy outputs of the lockbox with electronic images that are made available to you via the Internet, CD ROM or transmission.
Features and Benefits:
- Eliminates your management of the process.
- Accelerate the collection of receivables. Provides faster information on payments that have arrived from your clients.
- View copies of your deposited checks and corresponding documentation via Internet (paper formats also available).
- Retrieve daily reports online that provide an audit trail with summary and detailed batch listing.
For more information, call us at 831-771-4330, or visit one of our branch locations.
