Canadian Wholesale Lockbox

 

Do you receive checks drawn on Canadian banks? How many days does it take for you to receive a check in the mail? Huntington’s arrangement with Royal Bank of Canada can save you several days' mail float, while letting you deposit the funds into your Huntington Canadian Account to avoid the cost of foreign exchange.

A postal address in Canada saves time.

Mail from a Canadian company goes through the Canadian Post, U.S. Customs and the U.S. Postal Service to reach your address. You can eliminate two of those steps, and more than two thirds of the time, by instructing your customers to mail checks to an address within Canada.

With the Huntington Canadian Lockbox, you can receive your money several days sooner. Some customers have seen a difference of five to seven days.

Receive deposit information promptly via fax.

You’ll receive one fax each day itemizing your receipts, showing your invoice number along with the check number and amount. Additional data can be captured to meet your specific needs and at a very reasonable cost.

Deposits into your Huntington Canadian Account save money.

Deposit Canadian dollar items directly into your Huntington Canadian Account without conversion into U.S. dollars. You can use your balances to cover your Canadian dollar payables without the cost of foreign exchange. When your Canadian balances grow large enough, make one large foreign exchange transaction, rather than many small ones, and get much better rates. In either case, you’ll keep more of your hard-earned money.

Huntington – your local contact for Canadian services.

There’s no need to go to Canada to set up banking services there. Now you can work directly with your local Huntington Banker. We identify your requirements, set up your accounts and handle all your customer service needs.


To learn more about Huntington’s Canadian Lockbox service, contact your Banker or International Specialist.  You can also call International Direct at 1-877-480-INTL (4685) Monday to Friday, 8:00 a.m. to 5:00 p.m. ET. Or email us at International@huntington.com .