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Lockbox Features
 

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Lockbox Features

Simplified processing with Scotiabank Lockbox services.

  • Reduce mail delays by receiving funds locally at Scotiabank business banking centres across Canada or the U.S.

  • Achieve "local business" presence in markets where you don't have an office.

  • Receive same-day value for Canadian lockbox remittances.

  • Accelerate U.S. dollar receivables with next-day value for remittances processed at U.S. sites.

  • Eliminate manual processing and cheque handling expenses, and reduce account reconciliation time.

  • Simplify accounts receivable management and reporting and improve cash flow forecasting.

  • Improve turnaround times for customer orders that require payment processing before shipment.

For more information about the Scotiabank Lockbox Service, please contact us.

 



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