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Collection Services

Wholesale Lockbox Service

If you collect high dollar value trade payments, mostly by cheque and/or if these payments originate from many points across Canada, our Wholesale Lockbox Service can accelerate your cash flow and provide you with timely payment information. Mail float can be reduced by having us collect your paper-based receivables through strategically located post office boxes across Canada.

What Wholesale Lockbox Service Offers You

  • Flexible payment processing, reporting and delivery options
  • Consolidated reporting from multiple lockbox sites
  • Optional high-quality images of your lockbox documents online (cheques, invoices, envelopes and correspondence)
  • Image transmission if you have your own archive

The Benefits of Wholesale Lockbox Service

  • Improves your collection cycle by reducing time lost in the postal system
  • Provides same-day availability of funds deposited to your TD Canada Trust business account
  • Delivers timely payment information for updating your accounts receivable
  • Facilitates effective outsourced activities which might otherwise be subject to costly internal control and audit requirements
  • Provides optional images online for 90 days with long-term storage via CD-ROM or an image transmission for unlimited access via your own archive

For more information, contact a Relationship Manager at the Commercial Banking Centre nearest you.

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