Wholesale Lockbox Network
Accelerate payment posting and collection while we help you improve your receivables process with our customizable Wholesale Lockbox Network solution. Take advantage of our use of advanced technology to help you automate receivables and benefit from faster remittance posting and same-day information. We offer comprehensive Wholesale Lockbox Network services from multiple lockbox sites across the country for your business-to-business payments.
How Wholesale Lockbox Network works:
- You direct payments to a unique Wholesale Lockbox address for Fifth Third Bank.
- Your mail is continuously retrieved throughout the day and delivered to the nearest Fifth Third Bank processing center.
- We process payments according to your specific instructions.
- The critical receivables information that you decide you need most is captured and transmitted daily with a detailed audit trail.
- The images of checks, remittances, and correspondence can be retrieved quickly and conveniently through our online portal, Fifth Third DirectSM.
You can count on:
- Streamlining processes which may lead to reduced expenses
- Accelerating payment processing and funds availability
- Decreasing mail float
Find out why Phoenix-Hecht consistently rates Fifth Third Bank Retail and Wholesale Lockbox Network services as a national leader in providing lockbox services. Contact a Treasury Management Officer or a Relationship Manager.
Deposit and credit products provided by Fifth Third Bank, Member FDIC.