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Scan checks at the point of deposit and submit them electronically to your bank over the Automated Clearing House (ACH) network with Lockbox from CheckAGAIN.

Overview

CheckAGAIN's Lockbox (ARC) service is ideal for businesses managing a high volume of checks through multiple locations, such as property managers, insurance agencies and utility companies. The Lockbox service replaces more costly and time-consuming paper deposit systems.

Electronic deposits are a feature of Lockbox transactions. With a Lockbox deposit, multiple paper check deposits are combined into a single electronic transaction.

If an electronically deposited item is returned, CheckAGAIN immediately begins its check recovery process. As a result, CheckAGAIN clients will recover more principal dollars at a lower cost than the standard paper methods.

Benefits

• Eliminate per-item deposit fees by consolidating deposits into a single electronic transaction
• Eliminate bank fees for NSF checks using Electronic Representment before the bank of first deposit recognizes it as a returned check
• Deposit checks electronically from your office, eliminating the need to physically take checks to the bank
• Access reports, deposit details and bad check images through CheckAGAIN's secure website