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At Integra Bank, a Wholesale Lockbox solution will save your company time and money by speeding the collection, processing and clearing of your receipts. As a result, your company improves availability of funds, reduces borrowing requirements, and is able to earn more from earlier investment of funds.

Wholesale lockbox services are designed to handle low volumes of high dollar payments, generally between businesses. Integra Bank's Cash Management Specialists will help you determine the most efficient type of processing for your company.

Benefits

• Turns payment receivables into cash more rapidly and accurately than traditional collection service.
• Reduces the time and expense associated with processing payments, preparing and making deposits and updating receivables.
• Satisfies audit standards by improving a company's audit trail capability.
• Consolidates payments from a broad geographic constituency.
• Minimizes the float created by the check clearing process.
• Insures that receivables are processed and deposited daily, enabling Integra Bank to report deposit information to customer by end of day.