Treasury Management Solutions

Payables | Receivables
Online Information Services | Merchant Services
Employee Benefit Banking

Lockbox Services

Based on your specific needs, First Independence offers solutions to help streamline your collection process. Our lockbox remittance processing system provides accurate, timely and efficient servicing of your inbound client payments.

• Lockbox Solutions - Our full collection process accelerates the collection of account receivables converting to cash by improving the availability of funds. Our lockbox services are tailored to suit your internal processes. The service helps you apply cash and update collection reports the day your funds are received.

  Retrieve and display digitized images of lockbox checks and remittance documents online. Image transmission and CD-ROM are also available to complement this web delivery service.

Zero Balance Account (ZBA) Services

First Independence Bank’s Zero Balance Account is a checking account in which a balance of zero is maintained by automatically transferring funds from a master account in an amount only large enough to cover checks presented. A Zero Balance Account is used by corporations to eliminate excess balances in separate accounts and maintain greater control over disbursement.

Have questions, We’re available to serve you.
Contact us at 313.256.8439, or email
rhondapugh@firstindependence.com to request information.