Lockbox Services

Who is it for?

Lockbox Services are ideal for businesses that may not have the staffing to manage high volume receivables, yet want to ensure funds are deposited in a timely manner.

How does it work?

With Lockbox Services, you no longer have to collect your payments and make deposits.

What are the benefits/features?

Improved funds availability. Deposits are processed more quickly, improving cash flow and funds availability.
Increased productivity. Minimize the administrative burden and expense of manually collecting customer payments.
Flexibility. We can match the lockbox service that meets the needs of your business – whether you have high or low transaction volume.
Time Savings/Convenience. There’s no need to make special trips to the bank to deposit funds.
Detailed reporting. You can view and track check images and invoice information anytime, online.

Discover why Middlesex is the best bank for business.
To learn more about all the benefits of our Cash Management services and banking at Middlesex, contact Kerry Morgan, Vice President, at 508-315-5413 or via email at kerry.morgan@middlesexbank.com.