Process your receivables efficiently and gain access to funds more quickly by having Burke & Herbert Bank accept, process, and deposit check payments on your behalf using our automated remittance processing services. Outsourcing the manual processing of receivables is a perfect solution for businesses with large incoming check volumes for donations, membership fees, or payments such as non-profit organizations, trade associations, and property management companies. You'll save both time and money, eliminating the need to dedicate staff time to handling payment processing within your organization.
Checks sent to a PO Box managed by Burke & Herbert Bank on your behalf are deposited to your business checking account electronically on the day of receipt providing fast availability of funds. Images of all items are then available on the Lockbox website for you to view, search and file. Deposit details also can be downloaded to your accounts receivable software for easier bookkeeping.
Plus, you will appreciate the simplicity and predictability of a flat monthly fee for Lockbox service (discounted for Business Relationship Package customers), so you do not have to worry about fees for every transaction.
To learn more about Lockbox, visit a local Burke & Herbert Bank branch, or call us at 703-684-1655 and ask to speak with a Business Banking Officer.