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Business > Business Services > Lockbox Services

Lockbox Services

If your business receives a large number of remittances accompanied by payment coupons or billing forms, our Lockbox Service can help reduce the capital, time and people resources spent processing those payments.

Our lockbox operation does all of the work and provides you with Summary Reports of all received payments. We will provide you with a Daily Posting file that can be uploaded to your business software each business day. At month-end, you can have a permanent record of your activity.

  • Maximize availability of funds normally tied up in a slow, labor-intensive process
  • Gain valuable accounting information
  • Achieve superior cost/benefit potential
  • Improve record-keeping and financial controls

Requires separate application or agreement. For further information, please contact the NYCB Cash Management Department at (877) 353-7631.

Additional business services are also available.
Ask one of our branch representatives for more information.

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