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Lockbox Service

Our Lockbox service provides a safe, convenient way to handle your customer receipts.  Accelerate the collection of your receivables when Level One processes your remittances.  Your customer payments are remitted to your own proprietary P.O. Box and picked up several times daily and deposited into your account electronically. 

How it Works
  • Level One provides you with your own P.O. Box
  • Notify your customers of the P.O. Box number to which they remit payments
  • The lockbox provider will pick up payments from the post office - a minimum of 10 times per day
  • A transaction file is uploaded to the bank
  • Payments are posted to your account daily
Benefits
  • Payments processed more quickly
  • A transaction file, which includes all remittance details, is sent via PDF same day
  • Online lookup available 24/7
  • Customizable reporting options
Fees may apply. Contact 248-737-0300 or treasurymanagement@levelonebank.com for more information.

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