Our Lockbox solution streamlines your receivables process so your funds may be available sooner.
Instead of having payments mailed directly to you, with Lockbox your payments are mailed to a post office box, and Bank of the James picks them up for you! No more daily trips to the post office and the bank. And bank deposit preparation may be reduced, or even eliminated.
Lockbox helps reduce the potential for theft, fraud, and error. Payments are often processed quicker, reducing the amount of time it takes to discover fraud.