Business Banking Lockbox

Are bank fees prohibiting you from taking advantage of a lockbox for processing your daily deposits? Is your staff spending too much time processing daily deposits? Too little time focusing on the business of business? Business Banking Lockbox simplifies remittance processing, giving you back time that otherwise would be lost to deposit slip preparation and trips to the bank.

Huntington’s Business Banking Lockbox is designed for lower volume customers at a price you can afford.

Huntington’s Business Banking 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.

Correspondence, remittance documents and deposit information is turned over to you daily. A previous day lockbox deposit total report will be available to you on Business Online, our online business access system.

The features of the Business Banking Lockbox package include:

  • 150 Items processed/month (Includes photocopy of check).
  • Mailing of processed work daily via USPS.
  • Previous day lockbox deposit total via Business Online.

Stop processing payments, start serving customers.

Huntington’s Business Banking 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.

To learn more about Business Banking Lockbox, contact a Business Banker at your local Huntington banking office or call the Business Service Center at 1-800-480-2001 weekdays, 7:30 a.m. to 6:30 p.m. ET, and Saturday 8:00 a.m. to 5:00 p.m. ET.