Lockbox

Reduce time spent processing payments.

Retail Lockbox

Collecting receivables may be a small task for some businesses, but not yours. Your mailbox is full of incoming payments every day - payments that need to be opened, processed and posted. Instead of hiring additional staff, why not use a Retail Lockbox from Old National?

Benefits

• Speed receivables collection 
• Apply payments automatically to your A/R system
• Reduce staff allocated to the receivables process
• Reduce or eliminate trips to the bank
• More cost effective than investing in processing equipment

Wholesale Lockbox

Speed the collection of payments with the use of Old National’s Wholesale Lockbox. Your customers mail their payment to a P.O. Box maintained by Old National. We pick up the mail, process the transactions according to your instructions, and make your deposit. Wholesale Lockbox is a tailored service, which allows you to receive information in a wide variety of channels, including secure e-mail and through the web.

Benefits

• Eliminate bank trips
• Accelerate receivables collection
• Reduce time preparing and reconciling deposits