Lockbox service allows our business customers to streamline receipts directly to Lake Elmo Bank. When your customer and/or business partners write you a check, you have those deposits directed to a specific PO Box owned by Lake Elmo Bank. Every business day we will pick up and process those payments directly into your account.
Why would you use a Lockbox?
The main reason is speed and efficiency. With our lockbox service your money gets into your bank account faster by eliminating you from having to process your mail, create the deposit and drive to the bank.
Imaging with Lockbox Service
We offer image based lockbox service. Each business day a copy of all the checks and documents included in the envelope we received is delivered to you by secure email.