Lockbox Banks
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  1. #1

    Lockbox Banks

    Does anyone know of any reputable lockbox banks aside from Paysmith/US bank? If so, do you have a contact at the company? Having some issues with Paysmith recently and just looking to see what the other options may be. Any info would be appreciated!

  2. #2
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    Apr 2014
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    New York City
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    i cant speak from experience but i looked into opening up a lockbox and there are many mainstream banks that offer them. the issue is handling the payment processing which is the service paysmith provides - if you open a regular lockbox account you'd have to do all of that processing manually i believe. correct me if i'm wrong, always looking for cheaper options.
    Anthony Diamond
    Underwriter

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