Preauthorized automatic drafts help you collect monthly payments from your customers' accounts and deposit them into your account. They'll boost your cash flow, save money on check processing and improve cash forecasting.

IronStone Bank's Lockbox services offers companies a cost effective means of accelerating the collection of account receivables.

Our wholesale Lockbox service is designed to speed the collection of large denomination checks. Customers remit payments directly to a unique post office box. Your company's mail will be transported daily by bank courier from the U.S. Postal Center to the IronStone Bank lockbox processing area. The lockbox center will process deposits and clear the received payments. Thus, your company's cash flow improves as its receivables are promptly converted into available funds. The envelopes, any accompanying enclosures, and photocopies of the original checks are all forwarded to your company. With our NetQuery internet access you have the ability to access deposit totals and online images of remittances. All through a secure Internet site, thus allowing your service area to quickly respond to your customer's inquiries. NetQuery is a new feature of a Image Lockbox platform.

IronStone Bank's Wholesale Lockbox Service including our new Image Lockbox platform provides significant benefits.