Convenience and security
With Lockbox, you can:
Collect receivables faster
Simplify the collection of processing payments
Improve your cash flow
Gain outside audit control
Save time and trouble
Deposits go into your Western Alliance Bank business accounts even faster with Lockbox. All payments your customers send to your post office box are quickly delivered to our Lockbox center, then processed and deposited into your accounts each day. There’s no need to prepare deposits and make a daily trip to the bank.
Easily manage your receivables with our online Account Receivables Portal
Image archive available of items delivered via online portal
Access a three-year standard storage
Leverage daily processing to ensure mailed items are deposited quickly and accurately
Standard reporting to manage and reconcile your payments
Batch Summary Report
Batch Detail Reporting
Deposit Detail Report
AR Data File – both CSV and pipe delimited
Image File
Configure the lockbox to meet your business needs and business rules
Utilize various data entry options to improve and automate the posting of your payments
Leverage options for exception processing of payments
Select automated file delivery methods
Integrate electronic payments into a single reporting system
Wire Transfers
EDI
eZePay (Western Alliance Bank’s Electronic Bill Payment and Presentment System)2
1. Funds deposited through the Lockbox will follow Western Alliance Bank’s funds availability policy as outlined in the Deposit Account Agreement Disclosure.
2. Refer to disclosures provided at account opening, the Business Schedule of Fees, and Pro Forma for additional information. Other related fees may apply. All offers of credit are subject to credit approval. ACH collections subject to approval and deposit account requirements. Merchant services are provided by Heartland in agreement with Western Alliance Bank.