If your company receives a large volume of customer payments, processing those payments and updating customer accounts can be a labor-intensive process. When you establish a lockbox with PNC, your customer payments will be processed through our centers in Atlanta, Charlotte, Chicago, Dallas, Los Angeles, New York, and Philadelphia. We employ advanced technology to speed processing, and funds are automatically routed into one central PNC account to help you effectively manage your cash flow.
Not only can a PNC retail lockbox save you time and reduce your costs, but it can also minimize remittance float and provide one, integrated image-based stream of cash application data. Moreover, the timely and accurate data we make available online will help you update account records quickly and provide even better service to your customers.