Lockbox Service. With this Service we will process checks, drafts and other payment instruments (“Checks”) which you receive by mail from others (“Customers”) by: establishing a post office box address (“Lockbox”) where Customers may mail Checks to you; arranging for the pickup of such Checks each business day; endorsing Checks on your behalf; depositing the Checks to your designated account (“Account”); and providing related accounting and record keeping services. We and our Service providers will have exclusive and unrestricted access to the mail at the Lockbox as your agent.
Appears in 2 contracts
Sources: Master Agreement, Treasury Management Solutions Master Agreement