Collection

Baylake Bank’s collection services offer you speed, control and accuracy. We will help you streamline your collection processes, accelerate funds availability, and provide electronic payment options to your clients.

· Remote Deposit Capture
· Financial Electronic Data Interchange (EDI)
· Direct Payment
· Wholesale Lockbox

Remote Deposit Capture

Take the next revolutionary step in electronic banking with Baylake Bank’s Remote Deposit Capture Services. You can send check-only deposits directly to Baylake Bank safely, conveniently and quickly. Baylake Bank makes it easy for you to save time, money and improve your collection rates. Learn more

Reduce Expense
Improve Check Collection
Improve Internal Control and Security

Financial Electronic Data Interchange (EDI)

By using EDI, Baylake Bank can accept electronic remittances, translate the format, and transmit the information directly to you for account receivable updates.

Increases control
Proficient receivables updates

Direct Payment

Direct Payment allows you to collect your payments via a timely, secure, and cost effective method. We will process your file of pre-authorized debits and dramatically reduce the time and cost associated with paper remittances.

Saves processing time and staff expense
Improves cash flow· Reduces delinquencies
Increases control and security
Improves your company image as being customer oriented and technologically advanced

Wholesale Lockbox

The Wholesale Lockbox Service accelerates the collection of your receivables. Productivity of your funds will increase by reducing mail, availability and processing times.

Increases funds availability
Reduces mail and processing float
Enhances audit control