NBC Bank picks up your remittance mail at the post office and processes it for you, thereby reducing mail, processing and check clearing times and converting incoming payments into usable funds as quickly as possible. In addition, an NBC Bank Lockbox can eliminate the time and cost of internal remittance processing. Our trained personnel can perform these tasks faster, more accurately and at substantially reduced costs. NBC Bank's Automated Wholesale Lockbox Service adds the ability to receive valuable information for the update of your receivable files. You specify the data fields you require.
Information is availible on hardcopy reports, by fax, or via data transmission.
Your company can realize substantial savings in bank service charges and extend deposit deadlines by encoding the dollar amount on checks being deposited before they reach the bank. Cash concentration allows you to enjoy the convenience and safety of local deposit accounts, yet consolidate funds to minimize idle balances at multiple financial institutions. Deposit Reconciliation NBC Bank's Deposit Reconciliation Service allows you to maintain a single corporate account for deposits from multiple locations yet have detailed knowledge of which location deposited how much and when. Maintaining a single account enables you to minimize reconciliation efforts, reduce bank service charges and automatically concentrate funds. Pre-Authorized Debits Your company can collect recurring customer payments automatically by transferring either a fixed or variable dollar amount at specified intervals directly from your customer's account to your corporate concentration account.