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How are checks that are deposited into a typical lockbox handled? The checks are deposited into a local bank which then overnights one check for
How are checks that are deposited into a typical lockbox handled?
The checks are deposited into a local bank which then overnights one check for the entire amount to the firm. | ||
The checks are collected once a day, normally in the early morning, by a bank employee. | ||
The checks are posted to the customer's account prior to being deposited. | ||
The checks are collected throughout the day and immediately deposited into the firm's account. | ||
The checks are collected and sent overnight to the firm's main office for processing. |
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