If you receive a significant number of payments by mail, Community First Bank can help you reduce your staffing and reporting mechanisms to handle the volume. We offer a solution to these challenges through our Lockbox Processing services.
With Lockbox Processing, remittances are mailed directly to Community First Bank. We assume the clerical duties of opening the mail, preparing checks for deposit and sending deposit information back to your business for posting.
Lockbox Processing provides optimal availability of funds, significantly reducing overhead and adding dual control over receivables.
For additional information on Lockbox, please contact your local branch for more information.