bmo.com   |   site map   |   contact us   |   locate us   |   français   |   Chinese
BMO Bank of Montreal
Sign In
   Home > Cash Management > Receivables > North American Automated Lockbox
North American Automated Lockbox (NAAL)

Is this right for you?

You have a business in North America and your customers pay you by mail. With its 2 strategically-located processing centres that act as a mailing address for your customers, North American Automated Lockbox may be the right service for you.

The Details

  • Two strategically located lockbox processing centres that act as a mailing address for your customers
  • Invoice payments are picked up, processed and deposited daily to your account
  • Payment details are available by fax, phone or electronic transmission.
  • Deposit advice package is mailed or, optionally, couriered to you.

Is there anything else I need to know?

  • We provide same day credit for remittances picked up the morning of each business day.
  • You can tailor your deposit reporting information to meet your needs.
  • Allows faster access to your receivables
  • Saves time and money - eliminates in-house deposit preparation

The Next Step

To discuss further, contact us at
1 877 262-5907
or visit your BMO Bank of Montreal branch.


BMO InvestorLine | BMO Nesbitt Burns | BMO Harris Private Banking | Corporate Information | RSS/News Feeds | 
Investor Relations | Careers | Personal Finances | Legal | Security | Privacy | Codes of Conduct
A member of BMO Financial Group