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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. |