Skip to Main Content
Online and Mobile Banking and Bill Pay will be unavailable beginning Saturday, May 21 at 8 PM CDT. Service is estimated to be restored by Sunday, May 22 at 7 AM CDT. We apologize in advance for any inconvenience.Our new digital banking experience is coming on June 7th. Learn more today!

Town and Country Bank

Main Navigation

  • Careers
  • Contact
  • Search
  • Pay Loan
    • Make a Mortgage Payment
    • Make a Loan Payment
  • Login
    • Online Banking
        • Forgot Password
        • Sign Up
    • Home Loan
    • Make a Mortgage Payment
    • Trust & Investment Services
    • Make a Loan Payment
    • Credit Card
  • Menu
  • Home
  • Personal Banking
    • Personal Checking Accounts
    • Personal Savings Accounts
    • Loans
      • Auto Loans
      • Personal Loans
      • Home Equity
      • Land & Lot Loans
      • Bridge Loans
    • Make a Loan Payment
    • Personal Debit and Credit Cards
  • Business Banking
    • Business Lending
    • Business Accounts
    • Treasury Management
    • Business Debit and Credit Cards
    • Alternative Financing Options
    • Meet Our Business Bankers
    • Request a Business Financial Review
  • Home Loans
    • Find the Perfect Home Loan
    • Meet our Mortgage Lenders
    • Mortgage Calculators and Rates
    • Mortgage FAQs
    • Community Mortgage Partners
      • About Us
      • Our Services
      • Our Loan Products
      • Contact
  • Trust & Investments
    • Personal Financial Planning Services
    • Business Financial Planning Services
    • Meet our Trust & Investments Team
  • Customer Support
    • Online & Mobile Banking Services
    • Account Resources
      • Overdraft Protection
      • Reorder Checks
      • Financial Calculators
      • Switch to Us
      • Online Forms
      • Online Security
      • FAQs
    • Additional Services
  • Sprig The Word Blog
  • Our Team
  • About Us
    • Community Support Request
    • About Our Bank
    • Investor Relations
    • Diversity, Equity, and Inclusion
    • Locations & Hours
    • Careers
      • Careers in Mortgage Lending
      • Commercial Banking Development Program
    • Events Calendar
    • News
      • 2022 Financial Reports
      • 2021 Financial Reports
      • 2020 Financial Reports
    • Contact Us
    • Connect With Us

  • Sprig The Word Blog

Lockbox Services: Make Payment Processing Fast and Easy

5/28/2021

SHARE

If your business is looking to be more efficient and collects 25 or more payments daily, consider our lockbox services to further benefit your organization and meet its financial needs. Lockbox services handle your paper and electronic payment processing in a speedy, secure, and accurate way that frees up time for your employees to tackle other tasks.

How do our lockbox services work?

Your customers send their paper check payments to a designated PO Box which is collected and processed directly into your account. Lockbox services provide same-day remote access to processed items and next-day credit. Our research portal allows you to respond to your customers’ inquiries by researching payment activity and viewing images online in seconds and also provides you customized reporting to compliment your accounts receivable process.

If you have multiple payment streams, for example, if your clients send payments through their bank bill pay, our Electronic Lockbox is an electronic payments concentration solution that combines customer electronic bill payments from different networks and financial institutions and converts the payments into a single deposit into your account.

Benefits of Lockbox Services

  • Save on overhead costs and improve cash management if you get 25+ payments daily.
  • Improve the accuracy of your accounts receivable process.
  • Enable employees to handle other tasks that cannot be automated.

“Lockbox services are becoming more popular because businesses are doing more with less, especially after the COVID-19 pandemic,” says Lara DeGroot, Vice President Treasury Management Sales Officer for Town and Country Bank. “Outsource your payment processing to take some of the burdens off of your office manager or accounts receivable employee, so they can do their other tasks that can’t be computerized.”

Contact us today!

If you’re interested in these services, please reach out to Lara DeGroot or another one of our Business Bankers or call our Customer Services Solution Center today at 866-770-3100 to gather more information.

More Posts

Open an accountOpen account
Find a locationlocations

  • Facebook Logo
  • Twitter Logo
  • LinkedIn Logo
  • Contact Us
  • Locations & Hours
  • Financial Calculators
  • Careers
  • Financial Privacy Disclosure
  • Electronic Documents (Paperless) Disclosure
  • Other Disclosures
  • Financial Privacy Opt Out Form
  • Community Support Request
  • Routing Number: 071123262
  • NMLS# 411614
    Town and Country Bank
  • NMLS# 423128
    Town and Country Banc Mortgage Services, Inc.
  • Go to FDIC website
  • Go to Equal Housing Lender website
  • Go to AARP BankSafe Trained institution website

Copyright © 2022 Town and Country Bank All Rights Reserved. An Illinois State chartered banking organization. | Please note that Investments are not a deposit, not FDIC Insured, not insured by any federal government agency, not guaranteed by the bank and may go down in value.

Privacy Policy

Town and Country Bank is regulated by the Federal Reserve Bank of Chicago. For accolades or complaints, please contact us by sending a letter to: Customer Relations Office, 3601 Wabash Ave., Springfield, Illinois 62711. If there is no sensitive customer information, such as social security or account numbers, you can send feedback to the following email address: customerrelations@townandcountrybank.com

You Are Now Leaving

You are now leaving the Town and Country Bank/Peoples Prosperity Bank website. You are about to access a third party web site or service that is not owned or controlled by Town and Country Bank/Peoples Prosperity Bank and therefore, may not be FDIC insured.

While we believe these resources are reliable, Town and Country Bank/Peoples Prosperity Bank is not responsible for and will not guarantee the products, services, information, or content provided by this third party.

Continue Cancel ×