Lockbox Services
Improve your efficiencies and receive payments faster with our Lockbox Services. With this service, your receivables are sent directly to Fremont Bank where we handle the processing of payments for you and then deposit the funds directly into your account - accelerating your receipt of funds.
Benefits
-
Save time and effort as we manage your receivables process for you.
-
Eliminate mis-routed payments with our centralized, local processing center.
-
Easily view transactions through electronic reports. You can even upload data to your accounting software.
-
Reduce processing time through centralized endorsement, deposit and bank collection of funds.
-
Improve cash flow and maximize interest earnings.
-
Reduce cash balances now required to cover delayed payments.
-
Lower time-intensive handling costs.
Homeowners Association Lockbox Services
For HOAs and Property Managers, simplify and reduce the time it takes to process your association assessments with a Retail Lockbox for scan-able paper coupons or with a Web Lockbox for online payment capability. Fremont Bank offers both types of services in addition to detailed information reporting to help you manage your business.
Which Lockbox Solution is right for you?
|
|
Web Lockbox |
Retail Lockbox |
|
Customer Payment Options |
Online with a Credit Card or debit from their checking account
|
Mail in a check with a scan-able paper coupon
|
|
Processing Time |
Payments initiated and approved by the cut-off time will be processed the same business day
|
Payments are picked up throughout the business day for same day processing
|
|
Account Crediting Time |
Immediately after same business day processing
|
Immediately after same business day processing
|
|
Reports |
Upload electronic reports directly to your accounting systems
|
Receive detailed reports and upload electronic reports directly to your accounting systems
|
Linking to Non-Fremont Bank Websites
The icon above appears next to every link that leads to a website that is not operated by Fremont Bank. We do not control the website. Fremont Bank has provided this link for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of this website.