Frost’s Lockbox Service is a treasury management tool used to efficiently handle mailed check and cash payments, so your back office doesn’t have to. Accelerate check collection, funds availability and delivery of remittance information by outsourcing the processing of mailed payments to Frost.

• Wholesale Lockbox supports business-to-business payments, which are typically higher dollar amounts with lower transaction volumes. It is ideal for companies managing fewer, larger receivables that require efficient check processing and deposit services.
• Retail Lockbox is designed for coupon-based transaction, consumer-to-business payments, such as loan payments, credit card bills and utility and cable bills. These payments are typically lower dollar amounts with higher transaction volumes, supporting automated accounts receivable posting.

Save Time, Money and Resources

• Allow Frost to directly receive payments
• Minimize the expense of receiving and processing payments
• Eliminate deposit preparation and improve internal productivity and security
• Reduce incoming mail
• Gain online access to lockbox images

Provide Immediate Deposit and Use of Funds

• Coordinated mail pickup and delivery ensure that all mail received is processed for deposit the same day
• See faster collection of funds by reducing mail, processing and availability float
• Receive Internet delivery of image remittance detail on Frost Treasury Connect

Establish Strong Audit Control of Payments

• Receive payments in a secure environment
• Posting accounts receivable is faster and more efficient with online or transmitted payment data

Depend on Our Lockbox Processing Centers

• Frost maintains lockbox processing centers in Dallas/Fort Worth and San Antonio that offer Wholesale and Retail Lockbox
• Frost’s schedule ensures unmatched funds availability for processed checks
• Dual identical platforms ensure full disaster recovery