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The checks received in a lockbox are deposited: into a local bank and then transferred electronically to a concentration account. into a local bank and
The checks received in a lockbox are deposited:
into a local bank and then transferred electronically to a concentration account. | ||
into a local bank and immediately invested in short-term investments. | ||
as soon as they are posted to the customer's account. | ||
the following day and immediately invested. | ||
directly into an investment account. |
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