Illinois National Bank
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    Business Banking

    Lockbox

    Decrease collection float time and increase efficiency with INB’s Lockbox Service. INB’s Lockbox Service is customized to capture your company’s specific remittance data. The data captured corresponds to payment information which is then transmitted to your company electronically or placed on a secure FTP Web Site for you to access. In addition to a direct transmission, fast, convenient access to images of your checks and remittance documents is available through our Internet based on-line image service. Reports and inquiries can be generated on-line based on criteria specified by you. Information on exception items can be input on-line to accelerate processing.

    INB can also perform credit card authorizations and settlement - providing alternative forms of payment to your customers.

    Lockbox provides:

    • Faster Processing – Input information on exception items on-line to enable same-day processing.
    • Improved cash flow – Minimize collection float and accelerate funds availability.
    • Convenience – Generate reports or perform inquiries on-line of payments received by check number, dollar amount, or other criteria. Provide maximum access to the data from multiple locations.

    INB’s Lockbox Service allows you to do the following:

    Payments Research

    Check and coupon information and images will be available on-line for quick, convenient access. Reports can be generated and inquiries can be performed on the payments received by check number, dollar amount, or other customer specific criteria.

    Exceptions Research

    As exceptions are identified by INB, they will be made available on-line via the Internet for customer review. Missing information can be input by the customer in order to correct the exception condition. The completed exception transaction can then be added to the rest of payment processing for that same day.

    NSF Research

    Images of NSF checks are made available for customer review to enhance collection practices. You can edit return items in order to reclear the item a second time or accept the item as a first time return.

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    Copyright © 2010. All Rights Reserved.
    Illinois National Bank, 322 E Capitol Avenue, Springfield, IL 62701.
    217-747-5500 or toll free 877-771-2316.
    Member FDIC. Equal Housing Lender. Equal Opportunity Employer.
    INB is regulated by the Office of the Comptroller of the Currency.
    Disclosures FDIC Equal Housing Lender