Is your staff spending too much time processing daily deposits? Too little
time focusing on the business of business? Huntington’s Wholesale
Lockbox can help. Wholesale Lockbox simplifies remittance processing, giving
you back time that otherwise would be lost to deposit slip preparation and
trips to the bank.
Wholesale Lockbox alleviates the burden of remittance processing.
Wholesale Lockbox allows your customers to send payments to an address featuring your company name and lockbox number. Huntington collects your mail directly from the post office, and processes it quickly and accurately according to your customized lockbox instructions. Funds are then deposited directly into your Huntington checking account.
Wholesale Lockbox offers you various processing options. In addition to our traditional processing, we offer Visual Lockbox, the capture and distribution of check and invoice images, at selected sites. We also provide OCR Wholesale Lockbox, at selected sites, which allows higher volume businesses who receive payments from consumers to lower their processing costs by utilizing pre-printed OCR documents and a courtesy reply envelope.
Correspondence, remittance documents and deposit information are turned over to you daily. We also can customize reports and prepare a transmission file of your payment detail, so you can update your records directly.
Stop processing payments, start serving customers.
Huntington’s Wholesale Lockbox frees you and your staff to concentrate on running your core business and serving your customers, rather than processing payments. As an added benefit, you will strengthen your internal audit control by separating invoicing from remittance processing.
Funds are available faster, as we clear your checks through the Federal Reserve and other channels, and present them directly to selected banks and clearinghouses across the country. With four Huntington Lockbox sites located in three states, we offer a broad range of processing choices.
To learn more about Wholesale Lockbox, contact a Business Banker at your local banking office or call Business Direct at 1-800-480-4862 Monday to Friday between 7:30 a.m. and 6:00 p.m. ET.