How Does a Lockbox Work (Real Estate - Apartments, Houses for Rent)

Item ID 13622934 in Category: Real Estate - Apartments, Houses for Rent

How Does a Lockbox Work


A lockbox is a bank-operated mailing address to which a company directs its customers to send their payments. The bank opens the incoming mail, deposits all received funds in the company's bank account and scans the payments and any remittance information.A company may set up a lockbox service with its bank for receiving customers' payments. The company's customers send their payments to the PO box. Then the bank collects and processes these payments directly and deposits them to the company's account.

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Target State: Colorado
Target City : Denver
Last Update : Oct 28, 2019
Number of Views: 32
Item  Owner  : Amelie Parker
Contact Email:
Contact Phone: 800-245-1526

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2019-12-06 (0.070 sec)