With Lockbox Processing, we prepare and process your deposits daily. A local Post Office Box is established in your company’s name. Each business day we pick-up your receivables, review the payments and remittances, and prepare your deposit according to your instructions.
Simplify your banking routine. Forgo the daily time, risk, and expense of sending an employee off-site or paying for courier pick-up to make deposits. With Remote Deposit, checks are scanned and imaged at your office and then submitted for deposit through Online Banking.
Deposits can be submitted 24 hours a day, 7 days a week. Deposits received by 5:00 pm will receive same day ledger credit. After the deposit is received, an automated report is available to confirm receipt of the deposit.
ACH (Automated Clearing House) Collection Services is ideal for recurring payments such as insurance premiums, lease or loan payments, subscription and membership fees, and charitable contributions. Your customers simply authorize an electronic debit from their account. Funds are then electronically transferred from your customer’s account to your Stock Yards Bank account on the specified date.
Money Room services save the time and expense involved with collecting and counting cash. Transport your cash deposits via a secure, armored carrier. Coin and currency deposits made prior to our daily cutoff time will be credited to your account on the day of collection.