Scotiabank Puerto Rico Lockbox Services
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Lockbox Services

With Scotiabank’s lockbox service, your customers send their payments directly to a post office box accessible to us. We collect and process these payments, directly deposit them and provide you with an electronic file with the payment remittance information and credit all payments to your organization’s account.

Features:

  • The service is available for retail payments received with coupons (Retail Lockbox) or for invoices received with checks (Wholesale Lockbox)
  • On a daily basis, Scotiabank  picks up all payments received on your post office box
  • Daily files and reports are sent to you for updating your accounts receivables systems
  • Online checks and coupons/invoices  images available
  • Access  report with all transaction detail

Benefits:

  • Complete outsourcing of the processing of mail payments
  • Full automation of Accounts Receivables updating process for mail payments
  • On-line image available for 365 days of payments information and check images

Ready to Apply?