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Receivables Management

Wholesale Lockbox

Convert your company’s receivables into available cash quickly and efficiently utilizing Embassy Bank’s Wholesale Lockbox Services. Your receivables are picked up, processed and deposited by Embassy Bank on a daily basis. Using our Lockbox Service can accelerate the receipt of funds for earlier investment, disbursement or debt reduction.

  • Process your low volume, high dollar deposits.
  • Reduce mail, processing and availability float.
  • Eliminate unnecessary daily deposit trips to the bank.
  • Utilize staff for more important functions and duties.

ACH Origination - Collection

Use the Automated Clearing House (ACH) Network to collect recurring payments from customers, Preauthorized Payments or to concentrate company funds deposited at other Financial Institutions using Cash Concentration.

  • Expedites the receipt of payments.
  • Enhances cash flow.
  • Reduces mail & check float.
Contact Dave Arner, CTP, Vice President,
Commercial Services, at 484-821-1201.

Other Cash Management products from Embassy.
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Embassy Bank for the Lehigh Valley is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. NOW accounts that pay an interest rate of greater than .25% are not included in the TAGP and are therefore subject to the $250,000 limit for FDIC insurance purposes.