What is necessary to set-up a lockbox service?
Alliance Association Financial Services will take care of all the necessary set-up for a new lockbox service. We will rent the necessary P.O. Box, review your coupons, and create an online reporting and data system. A community management company should provide a copy of their validation file (preferably with stop information), and information on how they would like their lockbox data file to be formatted (if using atypical formatting). The AAFS team can also assist with the design and development of a coupon scan line that ensures the proper posting of your association payments. The lockbox set-up process is simple, and we are confident you will find our technologies and processes save you time and money.
