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Citibank® SpeedCollect Retail Lockbox

Citibank® SpeedCollect Retail Lockbox is a comprehensive outsourcing service for your retail collections, with services that include:

  • Incoming mail handling
  • Check processing and clearing
  • Reconciliation of payments with invoice details
  • Electronic delivery of the information for automatic reconciliation

Because Citi has extensive collection capabilities in all markets—including relationships with correspondent banks, alliances with post offices and convenience store chains—we can collect from the widest range of payment channels. SpeedCollect Retail Lockbox also participates in unique, country-specific channels such as Payment-by-Phone Service PPS and Bpay in Australia.