Improve cash flow with BSB Lockbox Services
As a business owner, cash flow is essential. But making daily check deposits can be a hassle. Lockbox banking simplifies the accounts receivable process to save time and energy, manage risk, and improve cash flow.
The Bennington State Bank processes your payments by retrieving your mail from the Post Office each day, depositing your funds, and sending you back a file in your desired format. Mail is handled in a secure environment, all while saving you time and money.
Partnering with The Bennington State Bank Lockbox Services can improve accuracy of data management and help prevent internal fraud by separating cash processes, enhancing profitability by expediting cash flow.
Reduce your risk during a disaster, improve accuracy of data management and help prevent internal fraud. Increase audit controls by separating the receivables and payable process and automate posting from daily files.
Access reporting easily! We give you reporting files customized to integrate with your processes. View deposit detail and reporting online or receive files through transmission or Secure File Transport Protocol (SFTP).
