- Our cash management specialists will work with your finance staff to customize the rules you want us to follow to process your payments.
- Your payments will be sent to Deptford, NJ or Southeastern, PA P.O. Box.
- The Bank will process all payments on the same day that they are received at the P.O. Box.
- All funds will be deposited the same day they are received directly to your Account(s) at OB&T.
- We will image each coupon, envelope and check that is received, along with any correspondence. Images will be retained for seven years.
- We will create a posting file to your specifications so you can electronically update your accounts receivable system daily.
- We will provide you access to our Exception Processing Module that will allow you to instruct the Bank how to process exception items, namely those items that fall outside the scope of the rules that you co-developed with the Bank.
- You will have access to our online Lockbox portal. It will enable you to download your posting file, view Summary and Detailed Deposit Reports of all payments received, as well as view images of all checks, envelopes and coupons, as well as correspondence.