With Washington Federal’s lockbox service, we process your payments quickly and accurately, accelerating your cash flow and saving you valuable time.
Here's how it works:
Your clients mail checks to our post office box, where we pick up the payments and process them for you. We’ll deposit the funds into the proper accounts and report the day's activity to you electronically so you can update your accounts receivable. Your staff no longer has open envelopes, endorse checks, prepare deposits, or manually post payments.
We can work with any billing and accounting software and create custom reports to be delivered when and where you want them. In addition to the latest in lockbox technology, you have direct access to our Association Banking client service team.