Lockbox Processing streamlines the process of handling customer payments. Account receivable checks are mailed directly to a post office box (with a Bloomington address) that is maintained by the Bank. Mail is picked up and payments are credited to your account on the day they are received.

You get prompt reporting of daily receipts, either by e-mail, fax and/or through postal mail. This information may include copies of actual checks mailed in for payment, or detailed spreadsheets with the information tailored to your needs. Any enclosures or additional information received from your customers along with their payment, including hard copies of received payments, can be forwarded by mail to you or delivered to a Monroe Bank banking center for convenient pickup on the next business day.

Utilizing our lockbox services can not only make one less hassle for you, it can greatly expedite the credit of funds to your account. Our Lockbox Department deposits your customers' payments on the day they are received, getting a head-start on your money's earning potential!