Examples of Lockbox Address in a sentence
The Lockbox Service allows you to direct persons or entities making payments and other remittances to you to mail the payment and certain documentation to a Lockbox Address, from which you have authorized us to remove the contents.
We will establish the Lockbox Address on your behalf, and that Lockbox Address will be located in the city described and set forth in Services Documentation.
Plan Sponsors, TPA’s, and Payroll Vendors sends remittance checks and corresponding allocation reports or request forms to the mailing address identified in the Lockbox Address section of this document at PNC Bank.
You understand that payments received by our lockbox processing system from your Lockbox Address when we access your Lockbox Address will generally be processed on that same Business Day.
It is your responsibility to notify remitters that remittances must be mailed to the appropriate Lockbox Address.