Lock Box

The key benefits that you receive by utilizing the Mascoma Savings Bank Lockbox Service are faster collection of account receivables, additional dollars for investment in earning assets through faster funds availability, a reduction in staff processing, improved internal audit control, and decreased mail and collection float.

Mascoma Savings Bank's payment service is an automated remittance processing solution that provides a cost-effective system for processing business receivables. The Lockbox Service is designed to process remittances with or without a remittance document.

With all of these features, the Mascoma Savings Bank Lockbox Service is able to provide a much more reliable payment processing system at a fraction of the cost of the traditional bank lockbox service.

For more information on Lock Box, contact our Business Development Team.