Lockbox Services. In order to simplify the collection process for Customer, Bank can establish a post office box for Customer and Customer may direct its clients to send payments to such post office box. Bank subsequently collects, processes and deposits such payments into Customer’s account with Bank. If lockbox services are requested, a Lockbox Agreement must be executed by Customer and Bank in addition to these Terms.
Lockbox Services. BDS agrees that there are no changes in the lockbox services from the previously dated contracts for the period of this agreement. This agreement is subject to the terms and conditions of the original agreement dated 10/01/2006. By signing below the Client will accept the extension of the services as detailed for the next fiscal year October 1, 2020 to September 30, 2021 at the unit pricing proposed in this notice. At the end of this period, the agreement may be renewed with reviews by both parties. The agreement may be terminated by either party with 120 day written notice. The signatures below indicate acceptance of the agreement.
Lockbox Services. The State of Florida (Division of State Group Insurance) has a contractual relationship with a lockbox provider for the purpose of receiving and posting insurance premiums mailed from Participants and for the purpose of receiving checks submitted by State of Florida Medical Reimbursement Account (MRA) Participants to repay debit card claims for ineligible MRA purchases. The Service Provider shall be responsible for paying the monthly fees directly to the lockbox provider on behalf of the Department, and shall provide the Department proof of payment on a monthly basis.
Lockbox Services. FHKC has a contractual relationship with a lockbox provider for the purpose of receiving insurance premiums mailed from Customers. Vendor shall reimburse FHKC via invoice credit the monthly lockbox fees paid by FHKC.
Lockbox Services a. Receive mail from the post office.
Lockbox Services. 5.1.The Bank shall provide a Post Office Box address or addresses which will receive deposits.
Lockbox Services. The State of Florida (Division of State Group Insurance) has a contractual relationship with a lockbox provider for the purpose of receiving and posting insurance premiums mailed from Participants and for the purpose of receiving checks submitted by State of Florida Healthcare Flexible Spending Account (FSA) Participants to repay debit card claims for ineligible Healthcare FSA purchases. The Service Provider shall be responsible for paying the monthly fees directly to the lockbox provider on behalf of the Department, and shall provide the Department proof of payment on a monthly basis.
Lockbox Services. Customer shall cause its receivables to be mailed to the U.S. Post Office Box specified by Bank (“Post Office Box”) or delivered by Customer (or a delivery agent designated in writing by Customer) to a Bank location specified by Bank. Bank shall retrieve and accept mail addressed to Customer from such Post Office Box or Bank location. In accordance with this Agreement and the Lockbox Schedule, Bank shall open and process such mail and deposit all apparently negotiable checks contained therein into the Authorized Account(s). Customer hereby authorizes Bank to: (i) have unrestricted and exclusive access to the Post Office Box, (ii) open and process mail addressed to Customer, and (iii) endorse each check with a standard lockbox endorsement used by Bank. Bank may deliver to Customer checks it deems in its sole discretion unsuitable for deposit instead of depositing them into the Authorized Account. Bank shall not be obligated to pay postage due on any remittance.
Lockbox Services
