Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How does a company located outside Minneapolis receive accelerated available funds when their deposits are made to a Minneapolis PO Box?

April 26, 2017Accelerated Box COMPANY deposits funds located Minneapolis outside

0

10 Posted

How does a company located outside Minneapolis receive accelerated available funds when their deposits are made to a Minneapolis PO Box?

1 Answer

0

10 Posted

A company should evaluate mail, processing and collection float when measuring the accelerated availability of funds. Mail float may not change for customers if payments are sent to Minneapolis, but the processing and collection float will usually improve with Lockbox.